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. 

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Christo Volschenk

Christo Volschenk is managing editor of the news on Aimgroup.com and our senior analyst covering Naspers. He brings more than 31 years of experience in business journalism to the team - the last 18 years focused on classifieds and e-commerce. Apart from working closely with the AIM Group, Christo is a freelance journalist, content manager, and copy editor. Before branching out on his own, he spent 15 years with Naspers in South Africa as journalist, economics editor and online project manager. He now spends most his day editing the news reported by 23 colleagues in 23 countries from his base in Stuttgart, Germany.