Lockdowns to contain the coronavirus have attracted more entrepreneurs to the sector
Lagos — Jumia Technologies is facing fresh competition from start-ups in the African e-commerce and logistics market after the Covid-19 pandemic increased demand for online deliveries.
Greater competition is to be welcomed, given there are still so few people in the region that transact online, the Frenchman said in an interview. “I would rather grow the market than just try to take everything,” he added. The shares fell 2% to $13.47 on Friday, valuing Jumia at more than $1bn. The initial public offering price was $14.50.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Instagram will start asking suspicious accounts to verify their identity with a government IDIt's unclear what this policy means for Instagram accounts not associated with a name, or those in which revealing their name could cause harm.
Read more »
Binder wants to start afresh at Red Bull RingSouth African Binder, 25, rose from seventh position at the start for a comfortable victory in just his third MotoGP race after moving up a class from Moto2 for 2020.
Read more »
Binder wants to start afresh at Red Bull RingRed Bull KTM rookie Brad Binder is not getting carried away with last week’s sensational maiden MotoGP victory in the Czech Republic and is looking to reset for Sunday’s race in Austria
Read more »
Fight over chief justice’s Israel comments growsChief Justice Mogoeng’s responses to a complaint, laid against him by Africa For Palestine for alleged pro-Zionist remarks during a webinar, has been described by the organisation as “unbecoming of someone occupying the office of the chief justice.'
Read more »
Alcohol and cigarettes are back as SA moves to level 2 lockdownThe president has also announced that the controversial ban on the sale of tobacco products will fall away and alcohol sales will once more be permitted. cyrilramaphosa Level2
Read more »
WATCH | This influencer video where a dad tells his son off for 'porkie belly' is everythingDavid received a lecture from his father during the influencer challenge video recording
Read more »