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Jumia Technologies aims to further reduce cash utilization vs. 2023

The company said, “We remain committed to reducing our losses and accelerating our progress towards cash efficiency and profitable growth. Looking at 2024, We aim to further reduce our cash utilization compared to 2023. Based on the positive impact of our growth strategy, we project an increase in both orders and Gross Merchandise Value in 2024, excluding potential impact of foreign exchange.”

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