Red shorts for all those shorters in the Jumia world. I do think most are coming clean. And in Lagos, I hope Jumia has ordered a drum of zobo for staff and associates. Where is Interswitch? Where is Andela? And my favorite Flutterwave? This is my position: Africa is one of the few places you can find parabolic growth in traditional sectors. Those that lead therein will win big monetary trophies. Jumia is having a moment.
Jumia Technologies is an African e-commerce company that covers a population of 600 million people. A November presentation laid out the company’s turnaround efforts and plans for future growth that are summarized below.
Jumia E-commerce: Jumia has 6.7 million annual active customers and had over 28 million orders placed through its platform over the last year.
Jumia’s third-party sellers cover 90% of the platform items with 110,000 active sellers part of the Jumia ecosystem.
Seventy-eight percent of African online customers bought on Jumia in the last 12 months and 88% of that total made additional purchases in the same period.
JumiaPay: One of the key assets for Jumia could be its JumiaPay fintech platform, as about 34% of the company’s transactions are completed via JumiaPay.
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