Kenya: Jumia Sinks Into Sh14 Billion Loss

E-commerce company Jumia has sunk deeper in the red, posting a Sh14.9 billion loss before tax and other costs in the year ended December compared to Sh11.3 billion a year earlier.

The loss does not give an indication of the company's bottom-line as it excludes most of the standard business expenses including finance costs, depreciation and stock-based compensation.

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