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African e-commerce firm Jumia says it is past peak losses, shares jump

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African e-commerce firm Jumia says it is past peak losses, shares jump

African e-commerce firm Jumia Technologies said on Wednesday it was past peak losses and would focus on promotions, marketing and cost cutting in its quest towards profitability, driving its shares up 16% despite a wider quarterly loss.

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African e-commerce firm Jumia says it is past peak losses, shares jump

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African e-commerce firm Jumia says it is past peak losses, shares jump

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