Jumia remains committed to reducing its losses and accelerating its progress towards cash efficiency and profitable growth. The Company reiterates its outlook for 2024: It aims to further reduce its cash utilization as compared to FY 2023. Based on the positive impact of its growth strategy, Jumia projects an increase in both orders and GMV in 2024, excluding the potential impact of foreign exchange.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on JMIA: