Until today I used to think Jumia was an African company only to realize it is a German-owned company headquartered in Dubai and operating in Africa.
they must be very confident in their business on their continent to even think of IPOing on the NYSE,the quartely pressure is about to quadruple
Will they last kweli? Especially if amazon ir ebay decide to become serious in Africa? I don’t see what long term prospects they have especially if either of those two become serious competitors (the fact that people are using services like statesduka, mallforafeica etc. currently should be quite worrying for them). But it’ll be interesting to see which sections of their businesses bring in the most cash.