Jumia

  • Nice profile of the African Amazon – Jumia.
  • Despite the odds (54% of African startups shut down between 2010-2018) Jumia has made it to its ten year birthday.
  • It has been listed since 2019 – the shares hit a peak of $63, but are languishing now at $8.
  • It trades on 1.2x EV/Sales now and is forecast to grow sales 30%.
  • Africa is very unique and it is worth reading a few expert calls on Jumia (two weeks free sign up here).
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