Business
Citron Report Reveals Why NYSE Listed Jumia Is A Fraud
In 18 years of publishing, Citron has never seen such an obvious fraud as Jumia. As the media in the US is naively anointing Jumia the “Amazon of Africa”, the media in its home country of Nigeria has a plethora of articles discussing the widespread fraud in this Nigerian company. Not even that elusive Nigerian prince can cover this one up.
Jumia is the worst abuse of the IPO system since the Chinese RTO fraud boom almost a decade ago. Worse than being “the most expensive” US listed ecommerce company, Jumia reported financials show us a stagnant business that has burned through $1 billion and has moved the suckers game to the US Markets.
In this report, Citron will expose the SMOKING GUN and show why the equity is WORTHLESS. We believe investors cannot rely on reported numbers and a restatement of financials is on the horizon. The SEC must protect US Investors.
Kenya Insights allows guest blogging, if you want to be published on Kenya’s most authoritative and accurate blog, have an expose, news TIPS, story angles, human interest stories, drop us an email on [email protected] or via Telegram
Oburu Gives Ruto Conditions For Rejoining ODM
Police in Tanzania Impose Nationwide Curfew Following Tense Election Day
EACC Raids Nyamira Governor Amos Nyaribo’s Home Over Alleged Links To Sh382 Million Tender Fraud
How INTERPOL and US Government Helped Kenya Navy Capture Iranian Drug Traffickers in Mombasa
CATASTROPHIC SECURITY BREACH: 4.8 MILLION KENYANS’ PRIVATE MEDICAL RECORDS PLUNDERED IN MASSIVE M-TIBA CYBERATTACK
Customer Claims Internal Link in Safaricom Heist
Raila Was Aware His Time Was Coming To An End Nearly A Year Before His Death, Longtime Aide Reveals
Counties Turn Into Cash Cows: Senators Uncover Sh100 Million Loan Scam by Former Governors
GOLD RUSH SCANDAL: Kenya’s Sh8 Billion Export Bonanza Masks Massive Smuggling Network Feeding Dubai’s Refineries
Oburu Calms Babu Owino’s Growing Panic Over ODM Nairobi Ticket
Plane Carrying Raila Odinga Becomes World’s Most Tracked Flight as Kenya Airways Honors Him With Special Call Sign ‘RAO001’
Safaricom’s Sh115 Trillion Data Breach Scandal: How Kenya’s Telecom Giant Sold Out 11.5 Million Customers
VISA CARTEL EXPOSED: Community Leaders Demand Immediate Arrests as Immigration Boss Allegedly Boasts of Weekly Political Kickbacks
EXPOSED: The Visa Cartel Bleeding Kenyans Dry – How Immigration Boss Turned Government Office Into Personal Cash Cow
A Pattern Emerges: How Somali-Led Cartels Are Fueling Kenya’s Real Estate Boom With American Fraud Money
Former Nairobi CEC Newton Munene Found Dead as Sonko Alleges Cartel Involvement
DEATH TRAPS IN THE SKY: Inside the Sordid World of West Rift Aviation’s Deadly Corruption Cartel
Billionaire: Inside Raila Odinga’s Vast Wealth
I Used To Sleep Hungry, But Today I Employ The Same People Who Once Laughed At My Poverty
Lea Maize Flour Producer Admits to Adding Chemicals to Make Ugali ‘Balloon’ as Experts Issue Warnings
-
News2 weeks agoPlane Carrying Raila Odinga Becomes World’s Most Tracked Flight as Kenya Airways Honors Him With Special Call Sign ‘RAO001’
-
Business1 week agoSafaricom’s Sh115 Trillion Data Breach Scandal: How Kenya’s Telecom Giant Sold Out 11.5 Million Customers
-
Investigations2 days agoVISA CARTEL EXPOSED: Community Leaders Demand Immediate Arrests as Immigration Boss Allegedly Boasts of Weekly Political Kickbacks
-
Investigations2 days agoEXPOSED: The Visa Cartel Bleeding Kenyans Dry – How Immigration Boss Turned Government Office Into Personal Cash Cow
-
Investigations6 days agoDEATH TRAPS IN THE SKY: Inside the Sordid World of West Rift Aviation’s Deadly Corruption Cartel
-
Business2 weeks agoBillionaire: Inside Raila Odinga’s Vast Wealth
-
News2 weeks agoI Used To Sleep Hungry, But Today I Employ The Same People Who Once Laughed At My Poverty
-
News2 weeks agoMaurice Ogeta, Raila’s Bodyguard: The Shadow Who Became The Story