Africa-focused e-commerce retailer Jumia Technologies plans to shut down its South African online fashion store, Zando, and end its operations in Tunisia by year-end. CEO Francis Dufay stated that this decision is part of a strategic shift towards more profitable markets like Nigeria.
To reach profitability, Jumia is adopting significant cost-cutting measures, including workforce reductions, exiting the grocery and food delivery sectors, and scaling back delivery services outside its core e-commerce focus…Continue Reading
