Collapse of Afrimarket: “profits hit unprecedented levels in recent months”

Collapse of Afrimarket: “profits hit unprecedented levels in recent months”

Despite a promising track record, several funding rounds and better results in recent months, the West African e-commerce company has filed for bankruptcy.

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            ▪ Collapse of Afrimarket: “profits hit unprecedented levels in recent months”

▪ Despite a promising track record, several funding rounds and better results in recent months, the West African e-commerce company has filed for bankruptcy.

https://www.africabusinessplus.com/en/799054/collapse-of-afrimarket-profits-hit-unprecedented-levels-in-recent-months/

Several months after the stock market flotation of Jumia, a rival African e-commerce operator has recently collapsed. Afrimarket, set up in 2013 by Rania Belkahia and Jeremy Stoss, filed for bankruptcy with the Paris Commercial Court on 6 September.

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