Business

JUMIA FIRST AFRICAN START-UP TO BE ON NY STOCK EXCHANGE

Jumia, the Nigerian e-commerce company is to become the first African start-up to be listed on the New York Stock Exchange.

The company was founded in Lagos by two French entrepreneurs in 2012 and now offers services to other African countries like Kenya, Tanzania, Egypt, South Africa and the Ivory Coast.

Jumia are already planning to go public next month. The company, given a $1 billion valuation in 2016, offers a range of online goods.

Additionally, Retail Company has branched into food delivery, hotel and flight booking (travels) and mobile tariffs.

As at the end of 2018, the company boasts four million active consumers, with MTN, Africa’s biggest telecoms company, being its largest shareholder.

Back to top button
EveryEvery We would like to show you notifications for the latest news and updates.
Dismiss
Allow Notifications