Jeremy Hodara, co-CEO of Jumia, discusses African e-commerce and the road to profitability for his business.
The largest e-commerce site in Africa, Jeremy Hodara, co-CEO of Jumia, has just published its second full-year financials for Q4 and fiscal year 2020. Mixed results were obtained: while orders and gross merchandise volume (GMV) decreased, active customers and gross profit rose. Additionally, the company’s recurrent adjusted EBITDA and operating losses—a particular issue that has…