This episode is also available on YouTube - https://youtu.be/M_7WVjRmTMw Today on the Techpoint Africa Podcast, Emmanuel and Chimgozirim discuss the recent happenings at African eCommerce giant, Jumia. The company announced potential layoffs, and the suspension of several products to help it reach profitability. Senior Reporter, Chimgozirim, shares insights into the moves made by the company to attain profitability, while suggesting viable solutions to their continued losses. To advertise or promote your brand, visit this link or send an email to business@techpoint.africa Explore the fintech in everything at The Fintech Summit 2022 Timestamps 00:00 - Intro 00:33 - Gist on Jumia 04:09 - Why is Jumia making losses? 06:53 - Is scrapping these products the way to go? 10:12 - Who's getting laid off? 11:07 - What next for Jumia? 12:11 - The evolution of eCommerce business models in Africa Useful links African eCommerce giant, Jumia, to reduce staff and product offerings What the current B2B rave could mean for Africa’s struggling eCommerce sector Nonconsumption is your fiercest competition—and it’s winning This episode was produced by Ogheneruemu Oneyibo and Gracious Sede Email us your feedback at podcast@techpoint.africa. Visit www.techpoint.africa for more stories. Music - Beach by MBB