Jumia suspends e-commerce business in Cameroon – Daily Trust

Its shares have tumbled from its Wall Street initial public offering price of $14.50 dollars in April, hitting a record low of $5.10 dollars on Monday after third-quarter results missed revenue estimates for the second time in three quarters.“Based on our review, we came to the conclusion that our transaction portal as it is run today is not suitable to the current context in Cameroon,” the company said in a statement on Monday.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fire razes stalls in Gashua market – Daily TrustNo fewer than 14 big stalls were yesterday burnt at the Zangon Kanwa Market in Gashua, Bade Local Government Area of Yobe State. The market head, Mohammed Aminami (Sarkin Zango), said the cause of the fire could not be immediately ascertained as there was no electricity supply at the market.ADVERTISEMENT He expressed appreciation to the …
Source: Daily Trust - 🏆 13. / 51 Read more »