Jumia Completes Turnaround, Eyes Logistics Network Scale Across Eight Markets
Jumia narrowed its adjusted EBITDA loss over the past two quarters and saw marketplace transaction volume grow for the ninth consecutive quarter. CEO Manuel Dufay said the e-commerce platform will now invest in scaling its logistics network across eight African markets and enhancing its marketplace services.
1. Turnaround Phase Completed
Jumia CEO Manuel Dufay highlighted consistent improvements in profitability, with adjusted EBITDA losses narrowing over two consecutive quarters. He also noted that marketplace transaction volume has risen for nine straight quarters, underscoring sustained customer engagement and efficient cost management.
2. Scaling Strategy Outlined
With the financial turnaround achieved, Dufay said Jumia will shift focus to expansion, allocating capital to extend its logistics network across eight African markets. Planned investments include enhancing delivery infrastructure, expanding warehouse capacity and upgrading platform features to support accelerated customer acquisition.