
How Jumia Kenya employee stole Sh21 million
- Published By Jane Njeri For The Statesman Digital
- 2 years ago
E-commerce firm Jumia Kenya has disclosed that its employee stole about $150,000 (Sh21.2 million) by manipulating vendor payment records, pointing to the risk of fraud facing the platform.
The firm, which has been posting losses in the Kenyan market, says in the latest disclosures to US regulators that it discovered the fraud in September last year.
“In September 2022, we discovered that an employee in Kenya manipulated certain vendor payment entries and misappropriated payments in 2021 and 2022,” Berlin-based Jumia Technologies AG said in the filing.
Jumia’s e-commerce platform allows vendors to list goods while sellers are able to order and pay before or on delivery.
The firm says it is a challenge to anticipate, detect and address fraudulent activities given the high number of participants on its platform and the fragmentation of the business.
Share on
Tags
SHARE YOUR COMMENT
MORE STORIES FOR YOU
Trending Stories
DJ Mo’s former illicit lo...
- Published By Jane
- January 15, 2024
Mapenzi! Zari and Tanasha...
- Published By Jane
- October 24, 2023
Zuchu Speaks on Diamond P...
- Published By Jane
- October 12, 2023
Hio Ni Upumbavu Wasituche...
- Published By Jane
- November 8, 2023
RECOMMENDED FOR YOU
Love Without Likes: Why P...
- Published By The
- July 17, 2025
Revealed: Inside The Secr...
- Published By The
- July 17, 2025
What is The Difference Be...
- Published By The
- July 21, 2025
The 5 Challenges and Solu...
- Published By The
- July 17, 2025
Latest Stories
Important Things You Need...
- Published By The
- July 24, 2025
How to Break Free From Mo...
- Published By The
- July 24, 2025
10 Tips For Building Weal...
- Published By The
- July 24, 2025
They Made America's Cloth...
- Published By The
- July 24, 2025