TECH

Jumia’s Earnings Show A 56% Decline in Revenue Despite an Increase in Its Customer Base

Jumia faces a decline in its income thanks to the economic situation prevalent in the Country.  Jumia has lots of funds behind it, what would 2016 be like for Konga? The company posted its 2016 half-year consolidated reports which showed a net revenue of EUR33.0 million for the first half of the year, down by 56% from the year before. Also, its cash position for the first half of the year fell to EUR5 million versus EUR10 million in the same period last year. (more…)

by kenneth 0
TECH

Konga.Com Confirms Shola Adekoya As Sim Shagaya’s CEO Replacement

Shola Adekoya So Shola Adekoya has been confirmed as the new CEO of konga, although acting for now in the capacity after the founder, Sim Shagaya stepped down and became chairman of the board at the end of January 2016. The company was said to be searching for a replacement. That search has apparently ended with the board confirming the one it had appointed to take over the reins in the interim.  And it also seems like photoghers hate already, cause there seems to be no good image of him online! lol The original announcement is reproduced below. *** (more&helli

by kenneth 0