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63 days ago • Posted by Martin Boujol

Ever heard about Jumia? it's up 2000% this year

The "Amazon of Africa" has shown a tremendous performance this year, from an all time low at $2.15 in March to $47.67. Jumia Technologies AG (JMIA) is an online marketplace for electronics, and fashion among others targeting several African countries, but headquartered and incorporated in Germany. Funding parent company is Rocket Internet. In the third quarter of 2020, the Nigerian e-commerce platform Jumia generated 33.7 million euros in revenues. Its Market Cap recently reached $ 1.25 billion. 

Source: Bloomberg

Jumia the Amazon of Africa
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