Jumia Doubles Down on Nigeria in a Push to Turn Profitable Nasdaq-listed Jumia consolidating Nigeria depots to cut costs African e-commerce firm to expand into more Nigerian cities
E-retailer Jumia Technologies AG plans to focus on Nigeria, Africa’s most-populous nation, as part of a bid to turn profitable.
The Nasdaq-listed e-commerce firm will consolidate its three warehouses in Nigeria to one 30,000 square-meter depot in Lagos in an effort to cut costs, Chief Executive Officer Francis Dufay said in an interview. The company will also add more cities it services in the West African nation, he said.
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