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Jumia CEOs Resign as Firm Suffers Losses

Jumia CEOs Resign as Firm Suffers Losses The founders and co-CEOs of Jumia Technologies, Sacha Poignonnec and Jeremy Hodara have both resigned from their positions after persistent losses. According to Bloomberg report, the Africa-focused e-commerce group is struggling with persistent losses and a slumping share price. In...

MTN Seeks To Sell $243mn Stake In Jumia Technologies

MTN Seeks To Sell $243m Stake In Jumia Technologies   There are indications that MTN Group Ltd. is planning to sell part or all of its $243 million interest in Jumia Technologies AG as it looks to pay down debt and enter new markets. Reuters, yesterday, said...