Jumia, Rocket Internet's eCommerce group in Nigeria and Africa has just released its 2016 half year consolidated result showing the company recorded a net loss of EUR35.4 million within the period.

When compared to its net loss recorded in last year, the company has managed to reduce its loss by 19%. In the first half of 2015, the company recorded a net loss of EUR43.7 million.

Also on the topline, Jumia's revenue also fell by 56%. With the first half of this year, net revenue was EUR33.0 million compared to last year when it recorded EUR75.8 million f0r the first half of 2015.

Source: https://pageone.ng/2016/09/22/jumia-35-4-million-loss/

Next thing, they'll start laying off workers. Bubu well done o

Good morning everybody... Hope you all had a great night respectively..
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We all need to start d day with positivity.. think about what you can do to change urself so that ur enviroment can change.. You don't keep doing same thing everyday and expect a different result..
"An idle man is a slave to his surroundings"
"An idle man works for poverty" - Fighal 2015..

Oya to d topic: Things done hard o... Jumia sef no dae get joy.. na so i see calculator for jumia 12k...

Jumia loss = OLX gain... fairly used ti take over

BUHARI!!! See wetin your recession yaff done Jumia?

Even big companies are feeling the heat of recession

Why won't this happen when all they do is rip of people s hard earned income

People are now moving to olx

Workers lay off in sight.

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Change has finally come

PDP was a fraud why APC is a scam

lol

Please am in south Africa and I haven't done the bank verification number ,I intend swifting money to the account...is there any disadvantaged

Job lost soon coming to their staff

Demonic change every where

controlled by satanic APC


EVIL Bubu Semi Evil osibaj


#change has killed many of its own agent

For all those wailing zombies up there who don't read before commenting, this financial result is even better than that of same period last year.

You all need to blame GEJ, the Ineffectual Buffoon for that as well.

All those online commerce companies sell many fake things at exorbitant prices.
There revenue must fall

Ijaya123:
For all those wailing zombies up there who don't read before commenting, this financial result is even better than that of same period last year.

You all need to blame GEJ, the Ineffectual Buffoon for that as well.

Please just shut up.

During GEJ's time in office, it was OK to blame the president for everything that went wrong but now in Buhari's time, it is no longer OK to blame the president. Rather we should blame the past president. What nonsense!

That is hypocrisy at it's finest and it stinks!

All because of a COW!

jumia must lose! I have ordered an item that is taking forever and untrackable... compared to konga who got my order to me which I placed after the jumia item... jumia is just too tacky

sorry o

Chai, Sai Change...don't worry baba and his family are on the matter on improving our economy after theirs.


At least hope dey.

Looking forward to seeing you guys happy.

Ijaya123:
[s]For all those wailing zombies up there who don't read before commenting, this financial result is even better than that of same period last year.

You all need to blame GEJ, the Ineffectual Buffoon for that as well.[/s]

Doltish trash.

But there is an even deeper reason for why Nigeria is experiencing this unprecedented economic recession and that is that even when President Buhari eventually came around to constituting his cabinet, he peopled it with individuals whose capacity to deliver the goods is at best suspect.

Let me elucidate this with a statement made by President Buhari’s minister of sports and broadcast on Channels television today Tuesday the 20th of September, 2016.Said Mr. Solomon Dalung, ‘the disabled athletes have shown that all you need is a winning mentality and not too much preparation.’

Can you imagine that coming from a minister and member of the federal executive council?

But why should we be surprised? Nigerians are witnesses to the utterances of the minister of information, the aptly named Lai Mohammed, who blamed any good thing that happened in Nigeria immediately after President Buhari’s inauguration not on any form of preparation but on the President’s ‘body language’.

Early rains fell in obeisance to the President’s body language. Barren women became fertile as a result of President Buhari’s miraculous powers of non verbal communication. All kinds of orishirishi were attributed to body language.

One wonders where the fabled ‘body language’ was when it came to fighting the recession.

The truth is that preparation, pure preparation (that word that Mr. Dalung and other operatives of this administration hate to hear) is the only thing that can increase the likelihood of success in any venture including governance. As it is commonly said ‘those who fail to plan, plan to fail’.

And the reason why Mr. Osinbajo and his co travelers will continue to shift blame from individual to individual is because they do not have the strength of character to accept responsibility for their actions.

At this juncture, it will be pertinent of me to remind Lai Mohammed of his words uttered on the 25th of May, 2014 when he said ‘a government that is unwilling to take any responsibility for anything, should not be counted upon.’ Right back at you Mr. Mohammed, right back at you!

President Buhari has to quickly learn that the more you blame others, the more power you surrender. The more you accept responsibility, the more power you take.

Early in 2015, Pastor Osinbajo called then President Jonathan’s administration a ‘visionless’ government. I would like to define the vision of change that Mr. Osinbajo and his boss promised us based on what we have seen so far.

Mr. Osinbajo’s vision for change is defined as a sports minister who believes athletes do not need training,a finance minister who thinks recession is just a word, a science and technology minister who aspires to produce pencils in two years,an information minister who wants to generate jobs via masquerade dressing, an interior minister who uses his security to publicly shine his shoes rather than secure the interior of his country, an agriculture minister who fights for land for cows instead of farmers, a labor minister who threatens banks with revocation of license when they retrench workers due to bad economy, a communications minister who wants us to pay 9% tax on calls, a transport minister who gives one President credit for a railway built by another President, an economic adviser who wants women to donate their jewelry to help government fight recession and a Presidential spokesman who believes critics are ‘wailers’ all led by a President who believes#ChangeBeginsWithMe not him, though he was the one who promised it!

Every thing in Nigeria under President Buhari is NEGATIVE.


Wait, did Jumia not blame IBB or Jonathan governments for the loss?

Abacha's government was saintly for Buhari.

Ok

Every good thing is in negative with this government.

Recession in session

Why will you wailers not read or do you think Jumia is just in Nigeria The result is for all Jumia businesses across Africa dammit

Every Nigeria had better start thinking of what they can do do earn dollars. Otherwise, I sorry what might become of t citizens by 2017.

Who care! Who Jumia epp?