Subscribe to Our Newsletter

Success! Now Check Your Email

To complete Subscribe, click the confirmation link in your inbox. If it doesn't arrive within 3 minutes, check your spam folder.

Ok, Thanks

Jumia will now be held accountable for products sold by third-party sellers on its platform

Africa's largest e-commerce platform, Jumia, has updated its terms and conditions following an investigation by the COMESA (Common Markets for Eastern and Southern Africa) Competition Commission, which found that some clauses and disclaimers were misleading and false. Jumia, which operates in 11 African markets including Nigeria, Kenya, South

Acquah Nana Yeboah profile image
by Acquah Nana Yeboah
Jumia will now be held accountable for products sold by third-party sellers on its platform
Photo by CardMapr.nl / Unsplash

Africa's largest e-commerce platform, Jumia, has updated its terms and conditions following an investigation by the COMESA (Common Markets for Eastern and Southern Africa) Competition Commission, which found that some clauses and disclaimers were misleading and false.

Jumia, which operates in 11 African markets including Nigeria, Kenya, South Africa, and Egypt, was required to review and amend its terms by the regional watchdog after it discovered that Jumia had excluded itself from being responsible for products sold by third-party sellers on its platform.

Jumia records significant growth in users and revenues in Q2 2022
Jumia Technologies today announced its financial results for the second quarter ended June 30, 2022, showing continued usage growth and accelerating monetization, but yet to scale the e-commerce business to profitability. The pan-African e-commerce giant maintained a strong pace of usage growth, de…

The Commission noted that Jumia's large presence in the region meant it had the potential to significantly impact trade across the common market. As a result, Jumia will now be held accountable for products and transactions on its platform, with the company required to clearly indicate where it is the seller and provide access to a sale agreement between buyers and third-party sellers.

The company will also be expected to ensure the accuracy of the information on sellers and products posted on its platform. Additionally, the company will be required to include in its terms and conditions details of the entity to be served for legal purposes. The Commission's requirements are a significant shift for Jumia, which had previously excluded itself from liability for goods sold on its platform.

Jumia’s co-CEOs leave the company after 10 years
African e-commerce company Jumia announced new changes in management as co-founders Jeremy Hodara and Sacha Poignonnec bow out effective today as co-CEOs. Both Hodara and Poignonnec have been serving as Jumia’s co-CEOs since 2012. The company’s Supervisory Board said in the statement that Francis…
Acquah Nana Yeboah profile image
by Acquah Nana Yeboah

Subscribe to Techloy.com

Get the latest information about companies, products, careers, and funding in the technology industry across emerging markets globally.

Success! Now Check Your Email

To complete Subscribe, click the confirmation link in your inbox. If it doesn’t arrive within 3 minutes, check your spam folder.

Ok, Thanks

Read More