• About
  • Advertise
  • Privacy & Policy
  • Contact
Promoting and Connecting investment opportunities and businesses both in the Diaspora and in Kenya for Kenyans in Diaspora.
Advertisement
  • Home
  • About Us
  • News
  • Business
  • Fintech
  • Real Estate
  • Hospitality
  • Contact Us
  • KCB Diaspora Agent
No Result
View All Result
  • Home
  • About Us
  • News
  • Business
  • Fintech
  • Real Estate
  • Hospitality
  • Contact Us
  • KCB Diaspora Agent
No Result
View All Result
Promoting and Connecting investment opportunities and businesses both in the Diaspora and in Kenya for Kenyans in Diaspora.
No Result
View All Result
Home News

Jumia’s Sales Revenue Double In East Africa

by
14th March 2019
in News
0
Jumia’s Sales Revenue Double In East Africa
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Jumia records almost doubled profits from e-commerce purchases made across the East African region. Kenya, Tanzania, Rwanda, and Uganda sales saw Jumia record Sh1.3 Billion of revenue in the year 2018 up from the Ksh526 million recorded in the previous year.

According to disclosures on a potential IPO on the New York Stock Exchange, the sharp revenue increase is a clear indication that the e-commerce has been sharply growing over time.

The company made KSh7.8 billion from the West African market for the financial year 2018 which turns out to be its highest revenue recorded. North Africa managed to do trade amounting to KSh4.5 billion and South Africa generating KSh1.8 billion.

The rise in e-commerce can highly be attributed to the sharp penetration of smartphones and the growing number of middle class. Several online-based shops have hence been put up across the continent to tap the increasing demand for e-commerce purposely.

According to a report by McKinsey titled “Lions go digital report” it is estimated that by 2025, 10 percent of retail sales in Africa will be done online.

PLOTS AND HOUSES FOR SALE
Kenya2U has Great Property Deals Just for You!
• Intercity Gardens in Kitengela@ Ksh1.895M
• Tinga Springs in Kajiado @ Ksh99,000
• Ruaka Ridge homes in Ruaka @ Ksh7.1M
• Grey Oak property in Nanyuki @ Ksh350,000
• Grey Oak property in Athi River @ Ksh450,000
• Blue Bells Apartment along Beijing Road @Ksh7.4M
• inFinity Properties in Kantafu @Ksh 625,000
Call 0742343908 to Book yours Now!

Share this:

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • More
  • Click to print (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Skype (Opens in new window)

Like this:

Like Loading...

Related

Previous Post

Mumias Sugar Doubles its Loss to Sh15B full-year

Next Post

One Bedroom Unit to Cost Sh1 million Under New Affordable Housing

Next Post
One Bedroom Unit to Cost Sh1 million Under New Affordable Housing

One Bedroom Unit to Cost Sh1 million Under New Affordable Housing

  • Trending
  • Comments
  • Latest
Chilli Farming in Kenya, The Untapped Venture

Chilli Farming in Kenya, The Untapped Venture

20th August 2020
kenya2uhub.com

List of Chinese Construction Companies in Africa

5th February 2021
Raspberry Farming in Kenya: the sign of sucess

Raspberry Farming in Kenya: the sign of sucess

14th February 2022
One Bedroom Unit to Cost Sh1 million Under New Affordable Housing

One Bedroom Unit to Cost Sh1 million Under New Affordable Housing

15th March 2019
Kenyans in UAE Diaspora to Benefit from EXPO 2020 Dubai

Kenyans in UAE Diaspora to Benefit from EXPO 2020 Dubai

3
Influencer marketing in Kenya. Image is a collage of camera, tablet with a social feed showing on screen and other pieces used for digital content creation.

Why You Should Be Considering The Use Of Influencers In Your Business – Let’s Talk Digital.

1

Aljazera interview with Uhuru – Tuesday 22nd

0

Tazama

0

Equity shareholders rewarded with Ksh 4.00 buyback and bumper dividend boost as equity record high profits

31st March 2023

The Dutch Way of Life: Why Cycling is So Popular in the Netherlands

28th March 2023

LSE Africa Summit, March 2023

27th March 2023

ANNOUNCEMENT!! ANNOUNCEMENT!!

24th March 2023

Recent News

Equity shareholders rewarded with Ksh 4.00 buyback and bumper dividend boost as equity record high profits

31st March 2023

The Dutch Way of Life: Why Cycling is So Popular in the Netherlands

28th March 2023

LSE Africa Summit, March 2023

27th March 2023

ANNOUNCEMENT!! ANNOUNCEMENT!!

24th March 2023
Promoting and Connecting investment opportunities and businesses both in the Diaspora and in Kenya for Kenyans in Diaspora.

Promoting and Connecting investment opportunities and businesses both in the Diaspora and in Kenya for Kenyans in Diaspora.

Follow Us

Browse by Category

  • Business
  • Fintech
  • Hospitality
  • KCB DIASPORA AGENT
  • Lifestyle
  • News
  • News
  • Real Estate

Recent News

Equity shareholders rewarded with Ksh 4.00 buyback and bumper dividend boost as equity record high profits

31st March 2023

The Dutch Way of Life: Why Cycling is So Popular in the Netherlands

28th March 2023
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© Copyright 2022 Kenya2uhub.com Powered by Domains Africa Technologies

No Result
View All Result
  • Home
  • About Us
  • News
  • Business
  • Fintech
  • Real Estate
  • Hospitality
  • Contact Us
  • KCB Diaspora Agent
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
 

Loading Comments...
 

    %d bloggers like this: