Latest news with #Jumia
Economic Key
16-07-2025
- Business
- Economic Key
Jumia Egypt and Intella Launch Groundbreaking Voice Ordering Experience in Egyptian Dialect via Ziila for E-commerce
Consumers will be using First-of-its-kind Arabic voice AI technology making online shopping faster and simpler During a special event held yesterday and attended by prominent figures from Egypt's tech sector, Jumia Egypt, a leading e-commerce platform in Africa, announced its strategic partnership with Intella, a company specialized in Arabic AI (artificial intelligence) technologies, to launch a new and innovative experience: voice ordering through the intelligent assistant Ziila, using the Egyptian dialect. Attendees witnessed the first live demonstration of this new product, with Abdellatif Olama, CEO of Jumia Egypt, placing the very first voice order using Ziila in front of all guests, affirming the product's readiness to become an integral part of the everyday user experience. Through this partnership, Jumia users can now browse and order products using voice commands, eliminating the need for typing or manual search. Ziila stands out for its ability to understand natural, spoken language as used in daily conversations, offering a smooth and intuitive experience by supporting voice input in the Egyptian dialect. The technology allows users to interact with the platform as if they were simply sending a voice note, without needing to browse or type. This approach appeals to a wide segment of users who prefer speaking over navigating or typing, making the shopping experience feel more natural, seamless, and accessible. This initiative reflects Jumia's ongoing commitment to introducing advanced tech-driven solutions that simplify shopping and improve everyday life, aligning with the company's mission across the African continent. Abdellatif Olama, CEO of Jumia Egypt, stated: 'At Jumia, we believe technology is a practical tool to improve people's daily lives. Launching voice ordering through Ziila in the Egyptian dialect reflects our dedication to creating smart, simple services that meet local customer needs and enhance their experience.' Omar Mansour, CTO of Intella Egypt, added: 'Ziila was designed to be a smart voice assistant that truly understands users—in their own language and dialect—interacting as they speak naturally. Our partnership with Jumia is a direct example of how AI can bring more human, intuitive experiences to digital platforms.' This collaboration marks a significant step toward shaping the future of e-commerce in Egypt and the region, by integrating Arabic-centric AI technologies that improve accessibility and bring platforms closer to their users. تم نسخ الرابط
Zawya
16-07-2025
- Business
- Zawya
Jumia Egypt and Intella launch groundbreaking voice ordering experience in Egyptian dialect via Ziila for e-commerce
Cairo – During a special event held yesterday and attended by prominent figures from Egypt's tech sector, Jumia Egypt, a leading e-commerce platform in Africa, announced its strategic partnership with Intella, a company specialized in Arabic AI (artificial intelligence) technologies, to launch a new and innovative experience: voice ordering through the intelligent assistant Ziila, using the Egyptian dialect. Attendees witnessed the first live demonstration of this new product, with Abdellatif Olama, CEO of Jumia Egypt, placing the very first voice order using Ziila in front of all guests, affirming the product's readiness to become an integral part of the everyday user experience. Through this partnership, Jumia users can now browse and order products using voice commands, eliminating the need for typing or manual search. Ziila stands out for its ability to understand natural, spoken language as used in daily conversations, offering a smooth and intuitive experience by supporting voice input in the Egyptian dialect. The technology allows users to interact with the platform as if they were simply sending a voice note, without needing to browse or type. This approach appeals to a wide segment of users who prefer speaking over navigating or typing, making the shopping experience feel more natural, seamless, and accessible. This initiative reflects Jumia's ongoing commitment to introducing advanced tech-driven solutions that simplify shopping and improve everyday life, aligning with the company's mission across the African continent. Abdellatif Olama, CEO of Jumia Egypt, stated: 'At Jumia, we believe technology is a practical tool to improve people's daily lives. Launching voice ordering through Ziila in the Egyptian dialect reflects our dedication to creating smart, simple services that meet local customer needs and enhance their experience.' Omar Mansour, CTO of Intella Egypt, added: 'Ziila was designed to be a smart voice assistant that truly understands users—in their own language and dialect—interacting as they speak naturally. Our partnership with Jumia is a direct example of how AI can bring more human, intuitive experiences to digital platforms.' This collaboration marks a significant step toward shaping the future of e-commerce in Egypt and the region, by integrating Arabic-centric AI technologies that improve accessibility and bring platforms closer to their users.
Yahoo
02-07-2025
- Business
- Yahoo
Why Jumia Technologies Stock Sank Today
Jumia stock popped yesterday following news the company could potentially be acquired. The African e-commerce specialist's share price pulled back today as investors took profits and assessed the near-term buyout outlook. While Jumia expects some key e-commerce engagement metrics to improve as the year progresses, the business has been struggling lately. 10 stocks we like better than Jumia Technologies Ag › Jumia (NYSE: JMIA) stock saw a big pullback in Wednesday's trading despite bullish momentum for the broader market. The company's share price fell 5.6% in the daily session. Meanwhile, the S&P 500 and the Nasdaq Composite rose 0.4% and 0.9%, respectively. The stock had been down as much as 10.5% earlier in the session but regained ground as the day progressed. While Jumia stock saw big gains yesterday despite bearish momentum shaping the stock market, it saw a big sell-off today even as investors took fewer risk-averse positions. The company's valuation surged yesterday thanks to a report that a buyout could be in the works, but shares moved lower today as investors weighed the news and looked deeper into reports the business could be acquired. Reports hit the wire yesterday that Axian Telecom was potentially looking into acquiring Jumia. Bloomberg stated that Axian had raised $600 million in funding to improve its debt positioning and have the cash on hand to make a buyout play for the African e-commerce specialist. The news prompted a big rally for Jumia stock, but shares pulled back today as investors took profit and weighed the risk that a buyout may not emerge in the near future. Last quarter, Jumia's revenue fell 26% year over year to land at $36.3 million. On a currency-adjusted basis, sales were down 18% compared to the prior-year period. Meanwhile, gross merchandise volume (GMV) conducted through the company's platform fell 11% year over year to come in at $161.7 million. Despite the weak first-quarter performance, Jumia expects that its full-year GMV will come in between $795 million and $830 million -- good for annual growth of 12.5% at the midpoint of the guidance range after adjusting for currency fluctuations. While it's possible that the business will be able to hit that forecast, there's also a significant risk that performance will fall short of that target range. With the core business showing signs of softness, Jumia stock's near-term performance outlook could be heavily shaped by the outlook on whether or not the business is acquired. Before you buy stock in Jumia Technologies Ag, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Jumia Technologies Ag wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $697,627!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $939,655!* Now, it's worth noting Stock Advisor's total average return is 1,045% — a market-crushing outperformance compared to 178% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Jumia Technologies Stock Sank Today was originally published by The Motley Fool Sign in to access your portfolio
Business of Fashion
01-07-2025
- Business
- Business of Fashion
E-Commerce Firm Jumia Draws Takeover Interest From Axian
Jumia Technologies AG, the biggest e-commerce company in Africa, has drawn takeover interest from telecommunications company Axian Telecom, people familiar with the matter said. Axian, which is based in Mauritius and primarily offers telecommunications services in Africa, raised $600 million this week to refinance its debt and help fund a possible takeover of Jumia, the people said, asking not to be identified because the deliberations are private. No final decisions have been made and the companies may not come to an agreement, they said. Jumia has a market value of about $500 million. The deal would help both companies expand across the continent, the people said. Jumia, which started in Nigeria in 2012 and held an initial public offering in New York in 2019, could be delisted in any deal, they said. Axian has been building a stake in the company, and announced in May that it held 8 percent of shares. Representatives for Jumia and Axian declined to comment. Jumia's American depositary receipts jumped 5.7 percent to $4.25 at 10:54 a.m. in New York after earlier surging as much as 17 percent, the biggest intraday gain since May. The stock has risen 11 percent this year. Often referred to as the 'Amazon of Africa,' Jumia has had to do its own mapping in some of its markets and set up logistics networks to cater to a young and increasingly tech-savvy population that uses smartphones to bridge gaps in infrastructure and services. It was one of the first African companies to achieve 'unicorn' status with a valuation of more than $1 billion, but its shares have declined significantly since the IPO. By Loni Prinsloo Learn more: Jumia, Turkey's Hepsiburada Plan Africa E-Commerce Growth Push The Africa-focused online retailer and Turkey's Hepsiburada have partnered to expand their offerings across Africa, starting with Egypt and Morocco.
Egypt Independent
29-06-2025
- Business
- Egypt Independent
PM: Global companies have confidence in Egypt's investment climate
Prime Minister Mostafa Madbouly affirmed that the inauguration of Jumia's logistics warehouse in Egypt reflects the confidence of major global companies in the country's investment climate. Madbouly said such a step also highlights the trust in the government's efforts to provide an investment-attracting climate for various projects and businesses across different sectors. The premier expressed his hope for further partnerships that would support the state's goals on digital transformation, developing the logistics infrastructure, and providing job opportunities for youth, especially in the fields of digital economy and e-commerce. Madbouly's remarks came Saturday 28/6/2025 during the opening ceremony of Jumia's warehouse, which is one of the largest logistics warehouses for e-commerce in Egypt with the latest technologies. He was accompanied by Amr Talaat, Minister of Communications and Information Technology, Governor of Cairo Ibrahim Saber and CEO of Jumia Egypt Abdel Latif Olama. For his part, the minister of communications emphasized the ICT ministry's commitment to expanding training programs in various telecommunications and information technology fields to meet the needs of companies for qualified personnel. These programs cover diverse areas such as call centers, business process outsourcing, software development, digital services, IT project management, as well as more advanced services in e-commerce field, according to him. The minister also highlighted efforts to encourage entrepreneurs and startups to take advantage of digital platforms, contributing to realizing the goals of Egypt's Vision 2030 in the fields of digital transformation and sustainable development. He noted that the software for Jumia platform was designed and implemented in Egypt by skilled and trained Egyptian professionals. For his part, the CEO of Jumia Egypt emphasized that the company believes the digital economy represents the future of growth in Egypt, stressing that collaboration with the Egyptian government strengthens the country's digital transformation efforts and supports small and medium-sized enterprises (SMEs) to expand locally and internationally. The prime minister and his accompanying officials were briefed about the activities of Jumia, the leading e-commerce platform in Africa, as the inauguration of this integrated warehouse in Egypt reflects the corporation's strong commitment to investing in the Egyptian market.
