Rocket Internet lifts veil over African business
28 Sep 2017
Rocket Internet (Code: RKET), released the financial results of Jumia Group for H1 of FY2017 (to end June) in Berlin yesterday. It was the first ever glimpse in the books of Jumia Group, a company with operations in more than 30 countries (mostly in Africa) and 3,000 employees. As expected, Jumia Group suffered a big loss in H1 of FY2017 – in euro terms. On a forex-neutral basis, the picture wasn’t all that bad.