MTN investment Jumia takes lockdown revenue hit
12 August 2020 - 18:03
Lagos — Revenues for African e-commerce heavyweight Jumia slid by 10% in the second quarter, dashing hopes that lockdowns aimed at stemming the spread of the new coronavirus would lead to a flood of online orders.
The company also said it would pay $5m to settle class action lawsuits alleging misstatements and omissions related to its initial public offering...
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