This is also as it explained why it posted strong Gross Merchandise Volume, GMV of 58 percent year on year.for e-commerce retail companies means sale price charged to the customer multiplied by the number of items sold.
Jumia, on April 12, became the first African tech stock to list on Wall Street and its shares soared, amid suggestions that it is the ‘Amazon or Alibaba of Africa’. Jumia Nigeria’s Chief Executive Officer , Juliet Anammah, who met with journalists at the firm’s corporate headquarters in Lagos yesterday, said the company stood by its disclosures to the public.Anammah defended her firm against three specific issues raised in the Citron report: fraud involving top Jumia management; recent cases of fraud show heightened risk at Jumia; and that Jumia has allegedly shown a pattern of corporate fraud in the past.
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