E-commerce platform Jumia made a cumulative loss of $87.8 million (Sh11.8 billion) by the close of 2021 in the Kenyan business, nearly nine years into operations since it set up shop in the country in May 2013.
This was a $9 million (Sh1.2 billion) increment from the $78.8 million (Sh10.6 billion) booked in 2020 which in turn was a rise from $72.7 million (Sh9.7 billion) recorded in 2019.
