Shipping companies hike prices for e-commerce platforms by 50%-Jumia

Express shipping companies verbally informed e-commerce platforms last week that they would be raising their prices for customer deliveries by 50% after the recent fuel prices increases, Jumia CEO Hesham Safwat tells Al Mal. Official notice should be sent in a few days’ time, but Jumia will not be passing the full increase onto customers. DHL Egypt General Manager Ahmed El Fangari said increases were not officially approved, as the company is still studying the impact of fuel price increases.