Jumia posts $20m loss in Q3

Jumia Technologies, Africa’s leading e-commerce platform, reported a challenging third quarter, ending September 30, 2024, with a $20.1m operating loss. The 12-year-old company stated this in its financial report released on Thursday. The e-commerce giant attributed its $20.1m loss to persistent macroeconomic pressures that have impacted consumer demand and operating costs across its markets. This