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Airbus to set up a hub in Kenya for its satellites

They would offer faster Internet speeds than Elon Musk's SpaceX ....

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Jumia reports GMV growth in physical goods across five countries and lowest losses since IPO

In Q3 2023, Jumia reported an adjusted EBITDA loss of $15 million, marking the lowest since its IPO in 2019 (outperforming the $27 million recorded in Q1 and $19.3 million in Q2) and a substantial decrease of $32 million compared to Q3 2022. This represents a 67% year-over-year decline and a 70% reduction on a constant currency basis. Jumia has also taken strategic actions resulting in a notable improvement in liquidity, with a reduction in its position of $19 million in Q3 2022, a 71% year-over-year decrease, compared to a decrease of $66.0 million in the third quarter of 2022. ....

Francis Dufay , Jumia Pay App , Currency Basis , Francis Dufay ,

Jumia reports GMV growth in physical goods across five countries and lowest losses since IPO

In Q3 2023, Jumia reported its adjusted EBITDA loss at $15 million, marking the lowest since its IPO in 2019 (outperforming the $27 million recorded in Q1 and $19.3 million in Q2) and a substantial decrease of $32 million compared to Q3 2022. This represents a 67% year-over-year decline and a 70% reduction on a constant currency basis. Jumia has also taken strategic actions resulting in a notable improvement in liquidity, with a reduction in its position of $19 million in Q3 2022, a 71% year-over-year decrease, compared to a decrease of $66.0 million in the third quarter of 2022. ....

Francis Dufay , Jumia Pay App , Currency Basis , Francis Dufay ,

'One of the most difficult decisions I made': Microsoft CEO Satya Nadella admits to one wrong decision he regrets

Former Microsoft CEO Bill Gates had previously admitted that his 'greatest mistake ever' was Microsoft losing to Android ....

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Starlink casts a financial lifeline to Jumia in new deal

Jumia’s retail network offers a swift entry into the African market ....

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