Jumia shuts down Cameroon Operation, Records Losses

Posted by - November 21, 2019

E-commerce giant Jumia, still smarting from its ill-fated listing at the New York Stock Exchange, has again shocked Africa e-commerce watchers when it on Monday folded up its operations in Cameroon without prior information to the public and workers. The development means Cameroon becomes the third African country in which Jumia has shut down operations.