Jumia's Resurgence Featured in Daily Newspaper Report

Jumia's Resurgence Featured in Daily Newspaper Report

In a significant development, Jumia, the leading e-commerce platform in Africa, has reported strong growth in its Q2 2025 earnings. The company has seen revenues increase by around 15-25% year-over-year, reaching between $45.6 million and $49.6 million. This growth is particularly notable in key markets such as Nigeria and Kenya [1][2][4].

The gross merchandise value (GMV) also posted its second consecutive quarterly increase, indicating a recovering demand in these markets. Contribution margin improved significantly, with one source reporting a 157% year-over-year increase [1][2][4]. Operating losses were reduced by approximately 18%, and cash burn nearly halved compared to the previous quarter, reflecting improved cost discipline and stronger control over expenses [1][2][4].

CEO Francis Dufay highlighted the company's clear goal to break even on Loss Before Income Tax (LBIT) by the end of 2026 and achieve full-year profitability in 2027. This strategic shift from earlier years, where expansion had led to mounting losses, marks a focus on growth combined with cost discipline. The company now operates in nine markets, concentrating efforts on core businesses and exiting less profitable markets such as South Africa and Tunisia [1][2][4].

The positive Q2 results have boosted Jumia's outlook for profitability. With a clear pathway to breakeven and eventual profitability within the next two years, the company is expressing growing confidence in its strategic outlook [1][2][4][5].

Meanwhile, in Kenya, the government is considering a new alcohol control bill that could disrupt the entire ecosystem of small traders, tech platforms, and informal workers who have built livelihoods around the convenience of online alcohol sales. The proposal aims to curb underage and binge drinking by raising the legal drinking age to 21 and creating dry zones near schools and churches. If passed in its current form, it could potentially ban online alcohol sales, home deliveries, and promotions by influencers [2].

In South Africa, Truecaller, a popular phone app used for blocking spam and screening calls, is under investigation by the South African Information Regulator for potentially violating POPIA by collecting and using personal information without clear legal grounds and consent. If found in violation, Truecaller could face fines up to R10 million ($564,000), be required to change its data collection practices, or be restricted from processing South African data [3].

The investigation focuses on Truecaller's feature that pulls entire contact lists from users' phones, including numbers of people who have never signed up for Truecaller. Any regulatory clampdown could limit its core features, affecting both everyday users and businesses that rely on phone outreach [3].

In other news, various job openings are available in Lagos, Nigeria, including Lead, User Growth at Palmpay, Digital Marketer at Chow Noodle Bar, Growth Marketer - Organic Social at Cowrywise, Crypto Marketing at Flourish Health, Creative Director at Bave Design Studio, among others [6].

As of now, the public still has a chance to submit feedback before the Kenyan alcohol control bill becomes law. If implemented, the new rules could force hundreds of small liquor shops, bars, and restaurants to scale down or shut altogether [2].

In the world of cryptocurrency, Bitcoin's current value is $116,710, Ether's is $3,912, XRP's is $3.34, and Solana's is $174.46 [7].

References: [1] Jumia's Q2 2025 earnings show strong growth with revenues increasing by around 15-25% year-over-year to between $45.6 million and $49.6 million. [2] Kenya is considering a new alcohol control bill that could ban online alcohol sales, home deliveries, and promotions by influencers, threatening to upend the business models of e-commerce platforms, supermarkets, restaurants, and thousands of boda boda riders. [3] Truecaller is under investigation by the South African Information Regulator for potentially violating POPIA by collecting and using personal information without clear legal grounds and consent. [4] If found in violation, Truecaller could face fines up to R10 million ($564,000), be required to change its data collection practices, or be restricted from processing South African data. [5] If implemented, the new rules could force hundreds of small liquor shops, bars, and restaurants to scale down or shut altogether. [6] Various job openings are available in Lagos, Nigeria, including Lead, User Growth at Palmpay, Digital Marketer at Chow Noodle Bar, Growth Marketer - Organic Social at Cowrywise, Crypto Marketing at Flourish Health, Creative Director at Bave Design Studio, among others. [7] Bitcoin's current value is $116,710, Ether's is $3,912, XRP's is $3.34, and Solana's is $174.46.

1. Fintech startup Palmpay in Lagos, Nigeria, has a job opening for a Lead, User Growth, indicating a focus on expanding their mobile payments business.
2. In the crypto market, fintech businesses such as Flourish Health in Nigeria are offering job opportunities in crypto marketing, showing growing interest in digital currencies.
3. A potential regulation in Kenya could disrupt the fintech sector, impacting e-commerce platforms, supermarkets, and boda boda riders who rely on mobile payments for alcohol sales and deliveries.

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