Browsing: Jumia’s active customers

Is Jumia Stock Price the main reason as to why investors are losing out?

Well, Jumia Technologies, the German company that provides e-commerce services to about 12 African counties had its shares surge to more than 500% over the past 12 months, boosting its market cap to about $3.25 billion, or 15 times next year’s sales.

Jumia countries of operation

It is currently operating in Algeria, Cote d’Ivoire, Egypt, Ghana, Kenya, Morocco, Nigeria, Senegal, South Africa, Tunisia, and Uganda.

The rise of Jumia

Jumia impressed investors with its robust gross merchandise volume (GMV) and revenue growth in 2018.

In April 2019, the leading pan-African e-commerce platform officially announced its listing on the New York Stock Exchange.

Founded in 2012, Jumia leveraged technology to deliver innovative, convenient and affordable online services to consumers.

Jumia Growth

After announcing its listing on the New York Stock Exchange, Jumia did well, attracting investors.

However, …