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Jumia Technologies AG (NYSE:JMIA) in an exclusive interview.
Citron Research published a short report on the stock in 2019 in which it alleged problems with the e-commerce company, including discrepancies in financials, fraudulent orders and inefficiencies.
Citron Research published a second article on Jumia at the end of 2020 calling it a generational buying opportunity and noting that things had changed.
The report cited an accelerated shift toward e-commerce due to the COVID-19 pandemic as a catalyst for the stock moving forward.
Left told Benzinga Thursday that the reasons behind Citron s shift on Jumia that have been reported don t accurately reflect what he sees in the stock as of now.
Vanguard News
Jumia lists challenges to business growth in Africa
On
By Cynthia Alo
The African E-commerce pioneer, Jumia Group, has said that distribution challenges will continue to hinder business growth, increase prices of goods, obstruct new market entrants and limit availability of goods to countries in Africa.
This situation become more serious, according to the Group, following the Covid-19 pandemic regulations which escalated distribution cost while forcing several business owners and key decision makers across the continent to reconsider their cost of doing business that often result in cutbacks.
In view of this development, Jumia Group restated their commitment to supporting the growth of businesses on the continent by launching Jumia Logistics for third party businesses and individuals.