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Jumia Seeks World Bank Support to Stabilize After Restructuring

Jumia logoJumia
Sig3.02Sen+1.44Env+2.76Soc+0.86Gov+1.62

After restructuring from bloat into a smaller footprint, Jumia has cut sales countries from 14 to 8, reduced services such as food and groceries delivery, and shifted toward pickup stations, with headcount falling 11% to under 2,000. The company is also using AI to automate warehouses. Jumia is turning to IFC/World Bank investors for stability, exploring electric delivery vehicles and installing solar panels to reduce diesel generators, while IFC will not run day-to-day operations.

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