Nigeria Newspapers Online

Jumia Food to exit Nigeria by end of 2023

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The company’s current priorities across its 11 operational nations are the Jumia Pay platform and its core physical goods business.

Even though Jumia Food accounted for 11% of Jumia’s Gross Merchandise Value in the first nine months of 2023, the company has had difficulty turning a profit since its founding. This indicates that between January and September of 2023, the total value of food sold on Jumia Food was $64 million, or 11% of $581 million. a measure of the enormous size at which Jumia Food was functioning, but it is not a measure of profits. READ MORE

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