Rocket Internet begins exit in Jumia with sale of Jumia House Ghana


In the middle of this week,, a real estate marketplace in Ghana said it has acquired Jumia House.

Neither Rocket Internet nor has disclosed the financial value of the acquisition. However, people with the knowledge of the matter said it was a knock-off price as was simply buying the intellectual property and data gathered overtime by Jumia House.

There are concerns as to how Rocket Internet will either taper its losses in Jumia as a whole or exit the business. However, it seems Ghana might be a test might be a test case for the business.

In Nigeria, Jumia House, Deals, Market, Car and Travel are still in the kitty but a sell-off of any of these units might be in the offing.

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To be honest, the Nigerian economy isn’t making it conducive to maintain businesses.
The economy improvement we hear are just on the pages of newspapers.