Jumia Cameroon business

Jumia Suspends Business in Cameroon

Last updated on September 11th, 2021 at 03:13 pm

Online retailer Jumia Technologies, often called “the Amazon of Africa”, said it suspended its e-commerce platform activities in Cameroon on Monday because it is not suitable for the country.
Its shares have tumbled from its Wall Street initial public offering price of 14.50 dollars in April, hitting a record low of 5.10 dollars on Monday after third-quarter results missed revenue estimates for the second time in three quarters.