Nigeria’s Jumia marketplace report 94% YoY growth

20 April 2018

Digital Content

The Jumia marketplaces and classifieds websites ware founded in Lagos, Nigeria in 2012 and now have a presence across 23 African countries. They have just reported GMV growth of 64.5% in the fourth quarter of 2017 and significantly scaled the number of orders with a YoY growth of 94% in Q4 2017.

Africa eCommerce Holding GmbH, the holding company of Jumia, was merged into Africa Internet Holding GmbH (formerly trading under Africa Internet Group). In June 2016, all business models of Africa Internet Group were renamed around the Jumia brand. Read the full article on Tamebay here.