₦airaland Forum

https://www.techawk.com.ng/wp-content/uploads/2018/12/Jumia-Nigeria.jpg

While the workers of Jumia Cameroon are still digesting the news of operations being 'suspended' in the country, the biggest eCommerce startup in Africa has closed another of its business in Tanzania.

According to a statement obtained by Techawk, the 'Amazon of Africa' has shut down its operations in Tanzania in order to focus resources on other markets.

The statement reads: "Based on our review of the path to success, we have made a difficult decision to cease our operations in Tanzania as of 27th Nov 2019.

"While Tanzania has strong potential and we’re proud of the growth we’ve collectively seen stemming from Jumia’s adoption, we have to focus our resources on our other markets. This decision isn't easy but will help put our focus and resources where they can bring the best value and help Jumia thrive."

Like in Cameroon, the statement adds that: "Jumia will continue to support buyers and vendors through our classifieds portal, previously called Jumia Deals, which will now be the main portal jumia.tz. Thousands of buyers and vendors transact through this portal and we believe it will continue to become increasingly relevant in the future."

The Alibaba of Africa appears to be desperately looking for ways to cut its losses and become profitable. One of the ways it thinks it can achieve this is to close down businesses that strategic to these objectives.


Jumia's 3rd quarter report shows that it is nowhere near profitability despite making a revenue of $44.2 million. Regardless, the losses keep rising. For the Q3, the loss stood at $55 million, which is higher than the $45 million it recorded in the same quarter in 2018.


The million-dollar question on the minds of the thousands of Jumia employees is which country is next? It is still present in Nigeria, Egypt, Morocco, Kenya, Ivory Coast, South Africa, Tunisia, Algeria, Ghana, Senegal, Uganda and Rwanda.

https://www.techawk.com.ng/2019/11/27/jumia-closes-business-in-tanzania/

Bad market, but seriously online shopping is not an African thing (I think) due to fear of being scammed.

Y

Next will be Ghana, their traders and retailers can't get supplies from Nigeria again.

So Jumia do the needful there now

Damnnnnn
As a real niggarrr

I hardly do e-commerce

The economy is not smiling everywhere, not only naija.

FTC thank God

Their services are relatively poor and their delivery agents are somewhat unprofessional. They have a habit of begging for tips and sometimes unofficially rescheduling deliveries. Also on several occasions, my orders were cancelled without notice. I got sick of them and moved to Konga. I have made so many purchases on konga and have never been disappointed.


#Modified.
For those of you that think I was just trying talking crap, find attached a trail of failed deliveries from jumia

What's happening to jumia biko nụ

A friend of mine just ordered for two giant refrigerators worth over 400k..I hope we won't hear same for Nigeria

a�

Buhari sef.

Hmm

It's normal with business, I personally think they've problem with funds and capital hence the reason of the shutting down of their branches

tinodam:
https://www.techawk.com.ng/wp-content/uploads/2018/12/Jumia-Nigeria.jpg

While the workers of Jumia Cameroon are still digesting the news of operations being 'suspended' in the country, the biggest eCommerce startup in Africa has closed another of its business in Tanzania.

According to a statement obtained by Techawk, the 'Amazon of Africa' has shut down its operations in Tanzania in order to focus resources on other markets.

The statement reads: "Based on our review of the path to success, we have made a difficult decision to cease our operations in Tanzania as of 27th Nov 2019.

"While Tanzania has strong potential and we’re proud of the growth we’ve collectively seen stemming from Jumia’s adoption, we have to focus our resources on our other markets. This decision isn't easy but will help put our focus and resources where they can bring the best value and help Jumia thrive."

Like in Cameroon, the statement adds that: "Jumia will continue to support buyers and vendors through our classifieds portal, previously called Jumia Deals, which will now be the main portal jumia.tz. Thousands of buyers and vendors transact through this portal and we believe it will continue to become increasingly relevant in the future."

The Alibaba of Africa appears to be desperately looking for ways to cut its losses and become profitable. One of the ways it thinks it can achieve this is to close down businesses that strategic to these objectives.


Jumia's 3rd quarter report shows that it is nowhere near profitability despite making a revenue of $44.2 million. Regardless, the losses keep rising. For the Q3, the loss stood at $55 million, which is higher than the $45 million it recorded in the same quarter in 2018.


The million-dollar question on the minds of the thousands of Jumia employees is which country is next? It is still present in Nigeria, Egypt, Morocco, Kenya, Ivory Coast, South Africa, Tunisia, Algeria, Ghana, Senegal, Uganda and Rwanda.

https://www.techawk.com.ng/2019/11/27/jumia-closes-business-in-tanzania/

It's not by going public...

Ecommerce in Africa is not ready yet

Jumia was a money laundering syndicate




Forget the package

This is a very bad, e-commerce In Africa is just something else.Up til now They are yet to make profit.

Toju200:
FTC thank God

come back next market day

Thank God I finally got what I ordered since two weeks ago...

patokenneth:
It's not by going public...

I am sure they did that to raise money but still no be by going public

Hope say dis guys no go carry money run

I want to buy Jumia Nigeria

On a serious note, I trust Stan Ekeh, the co-owner of Konga, to acquire Jumia Nigeria instead of allowing the company to collapse.

However, if Jumia Nigeria fails, many people will be in trouble because I know lots of sellers who use their platform to make ends meet.

Harsh economy

thundafire:
Hope say dis guys no go carry money run

huh

Otisker:
Bad market, but seriously online shopping is not an African thing (I think) due to fear of being scammed.

People are and will use it because there is money to be made (and saved) doing so.

nototribalist:
Next will be Ghana, their traders and retailers can't get supplies from Nigeria again.

So Jumia do the needful there now

Make den close Nigeria now

How does Alibaba and Alliexpress do there's

High level of illiteracy is why many of these startups are closing shop in Africa.
Many of these products are meant for literate minds and not just educated fellows that fills the landscape of Africa.

I know they can't shut down in Naija