Jumia Looks Beyond Profit Target With Plan to Spin Off Units

CEO plots long-term growth for Africa-focused e-commerce firm
Jumia stock surged this year after short seller changed tune

Inside a Jumia Technologies distribution warehouse in Lagos, Nigeria, in 2019.
Photographer: George Osodi/Bloomberg

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By Loni Prinsloo and Tope Alake

December 10, 2020 at 5:00 AM UTC

Updated on

December 10, 2020 at 2:53 PM UTC

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Jumia Technologies AG is looking beyond an immediate target of generating a profit from its pioneering African e-commerce business, laying out longer-term plans to spin off divisions and enter new countries.