Jumia to discontinue food delivery business in Nigeria
Pan-African e-commerce giant Jumia Technologies will end the running of its food delivery arm this month in Nigeria and six other markets where it has footprints on the continent.
The decision is part of a cost-cutting push aimed at refocusing the company on expanding its online retail business.
Jumia Foods, which accounted for 11 per cent of Jumia’s gross merchandise value – the value of goods sold via its platform – in the nine months to September has never recorded a profit since it commenced business. In…