Tag: jumia
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MTN sells shares in Jumia for $142million
South African telecommunications giant, MTN Group on Friday, October 30, 2020, announced the sale of its stake in Jumia, one of Africa’s largest eCommerce firms. MTN says it’s making a net proceed of $142.31 million dollars from the sale. MTN said in August it had filed with the New York Stock Exchange to prepare for…
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Diana Owusu-Kyereko appointed CEO of Jumia Ghana
Jumia, the leading eCommerce platform in Africa, has announced the appointment of Diana Owusu-Kyereko as Ghana’s new Chief Executive Officer. “I am truly excited about this role and about being part of Jumia’s journey in transforming Africa’s economy through e-commerce. Ghana is one of the fastest-growing economies in the continent, and we are keen on…
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Fraudulent transactions in Jumia Nigeria cost 4% merchandise sales in the first quarter of 2019
Jumia has flagged an improper transaction in its Nigerian business worth 4% of gross sales in the first quarter of 2019. Africa’s e-commerce platform which listed on the New York Stock Exchange (NYSE) this year, said the flagged transaction involved some employees and Jforce agents (Jumia Jforce is a program aimed at empowering and enriching…
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Revelers demand tough security at tourist sites
Players in the tourism industry have asked for government to intensify security measures at various hotels and tourist sites in the country. The call comes on the back of accidents and injuries at some tourist cites in Ghana and across the sub-region. In addition, the industry watchers have warned of possible terrorist attacks and crime rates…
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Wider coverage of visa on arrival to boost tourism – Hoteliers
Some hoteliers have impressed on West African authorities to work to extend the visa on arrival policy to foreign tourists in a bid to boost the sector’s growth. They argue that the move should also ease the barriers restraining some tourists into the continent. The comment comes on the back of the launch of the…