Jumia’s Falling Fortunes Attract Buyout Interest from Axian Telecom
E-commerce giant, Jumia Technologies, is attracting takeover interest from Mauritius-based Axian Telecom, as the firm battles a sharp decline in revenue, narrowing liquidity, and intensifying competition across Africa’s fast-paced digital [...]
Posta Kenya's Mail, Parcel Delivery Volumes Collapse as Private Couriers Surge
Once a cornerstone of communication in Kenya, the Postal Corporation of Kenya (PCK), more commonly known as Posta, is in steep decline. Domestic letter volumes handled by these firms more [...]
Posta Kenya Under Pressure as E-Commerce Shoppers Seek Better Delivery Options
A growing number of e-commerce shoppers who rely on the national courier Postal Corporation of Kenya (Posta) for the last-mile delivery of international packages are raising concerns about service's reliability, [...]CA Budgets KSh 3.1bn to Expand Kenya's E-Commerce Infrastructure
The Communications Authority of Kenya (CA) is targeting the expansion of courier and postal services in its five year KSh 40 billion Universal Service Fund (USF) strategy to spur the [...]Jumia Narrows Q1 Loss on Consumer Growth, Lower Finance Costs
Pan-Africa e-commerce platform Jumia Technologies has slashed its loss before tax to US$16.5 million in the first quarter of 2025, down from US$39.6 million a year earlier, driven by sharply [...]Jumia Halts Operations in South Africa and Tunisia
E-commerce retailer, Jumia Technologies, will double down on its operations and solidify its market in Kenya, Egypt, Morocco, and Nigeria to recover lost revenues incurred by its latest exit from [...]
