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From burnout to buyout?
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From burnout to buyout?
Jumia’s been on a wild ride, in a not-so-fun tide. Once hyped as the “Amazon of Africa,” it’s now a shadow of its former self. The company’s lost over 90% of its value since going public in 2019, pulled out of five markets, watched its biggest investor walk away, and is burning more cash than it brings in.But a Mauritian telecom group that already owns 9% of Jumia is still interested and may be willing to buy the e-commerce giant. It’s not just …
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