Jumia Expands in Online Africa Food Delivery in Quest for Profit
- Uber Eats exit in Egypt makes room for Jumia market entry
- E-commerce firm sees slower user growth two years after IPO
This article is for subscribers only.
Jumia Technologies AG is expanding in online food delivery as the pioneering Africa e-commerce business looks to grow beyond its main market of trading phones and electronics.
Food makes up 20% of overall transactions on the platform and is growing quickly, co-Chief Executive Officer Sacha Poignonnec said in an interview. The company is expanding the service into Egypt, where there is a gap in the market following the exit of Uber Eats, he said.