Tuesday, September 2, 2025

A profile of Jumia, hailed as the "Amazon of Africa", as CEO Francis Dufay tries to hit profitability by 2027 after scaling down its food delivery business (Aanu Adeoye/Financial Times)

Aanu Adeoye / Financial Times:
A profile of Jumia, hailed as the “Amazon of Africa”, as CEO Francis Dufay tries to hit profitability by 2027 after scaling down its food delivery business  —  Six years after a high-profile listing, Jumia is still trying to prove that it can be a profitable business rather than a relic of the cheap money era



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Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each; SoftBank has already invested $30B (Bloomberg)

Bloomberg : Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each;...