Jumia news and archive

Rocket Internet posts revenue and earnings growth in H1

Rocket Internet SE in the first half of 2019 reported 32 million euros (35.3 million dollars) of consolidated revenue and a consolidated profit of 548 million euros (605 million dollars), representing 3.65 euros earnings per share compared to 1.84 per share in the first half of 2018. The company said, Rocket Internet’s selected companies...

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Mastercard invests in Jumia

Investors are now setting their sights on Africa as a growing retail scene. Mastercard has announced its plans to invest in Africa online retailer Jumia. The credit card company will be joined by other investors including Pernod Ricard, MTN Group and Rocket Internet. Mastercard and Jumia first worked together in 2016 with the launch of...