SHARE

Revenues up 19% year-on-year at Jumia

The Nigerian ecommerce group has posted a 19% uptick in year-on-year revenue in the first quarter, generating sales of $48.9m. However, quarterly active customers dipped by almost 5% after the business cut down on customer incentives.

Certification Note

Certified B Corporation” is a trademark licensed by B Lab, a private non-profit organization, to companies like ours that have successfully completed the B Impact Assessment (“BIA”) and therefore meet the requirements set by B Lab for social and environmental performance, accountability, and transparency. It is specified that B Lab is not a conformity assessment body as defined by Regulation (EU) No 765/2008, nor is it a national, European, or international standardization body as per Regulation (EU) No 1025/2012. The criteria of the BIA are distinct and independent from the harmonized standards resulting from ISO norms or other standardization bodies, and they are not ratified by national or European public institutions.