Featured

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.

FacebookFacebookTwitterTwitterEmailEmailRedditRedditPinterestPinterestWhatsAppWhatsAppMessengerMessengerShareShare
AddThis Website Tools
Albert Echetah

Recent Posts

Simbine Beats Omanyala Again, But Season Looks Promising for Kenyan Sprinter

Kenyan sprint star Ferdinand Omanyala finished second at the opening race of the Diamond League in Xiamen, China, on Saturday.…

April 26, 2025

Heavy Rainfall Brings Widespread Flooding and Road Closures in Durban

The incessant rains have caused flooding in Durban and its neighboring areas. It has disrupted several core areas, with a…

April 25, 2025

Tanzania Imposes Agricultural Import Ban on South Africa and Malawi Over Trade Dispute

Cross-border activity suffered vast disruption when the new ban started at midnight Thursday with its direct impact on border checkpoints…

April 24, 2025

African Bank Fined R700,000 for Deceptive Loan Marketing

South African Bank fined R700,000 after determining the institution misrepresented a credit product as an investment opportunity. Following its December…

April 23, 2025

EA Sports Predicts Maple Leafs to End 58-Year Stanley Cup Absence in 2025 Simulation

EA Sports shows that Toronto Maple Leafs will stop their 58-year title wait by beating the Colorado Avalanche in seven…

April 22, 2025

Pope Francis Dies at 88, Vatican Confirms on Easter Monday

Pope Francis, the first Latin American pope of the Roman Catholic Church, passed away in the morning of his 88th…

April 21, 2025