JMIA Stock: 10 Things to Know About the ‘Amazon of Africa’ Jumia Technologies

Jumia Technologies (NYSE:JMIA) stock has been garnering more attention of late as more investors start to take notice of the company.

Jumia (JMIA) banner at the New York Stock Exchange

Source: Christopher Penler /

Here’s everything potential investors in JMIA stock need to know before diving in.

  • Jumia Technologies offers an e-commerce and delivery experience that is 100% African.
  • This has earned it the nickname “Amazon of Africa” from some people.
  • It boasts over 1 billion visits to its marketplace in 2019 and has more than 110,000 active sellers.
  • This has resulted in it serving at least 1.2 billion customers.
  • Its marketplace offers products to customers living in several parts of the continent.
  • That includes Nigeria, Egypt, Morocco, Kenya, Ivory Coast, South Africa, Tunisia, Algeria, Ghana, Senegal, and Uganda.
  • Jumia Technologies is led by co-founders and co-CEOs Jeremy Hodara and Sacha Poignonnec.
  • It was founded in 2012 and joined the public market in April 2019.
  • Its headquarters is located in Lagos, Nigeria.
  • The company’s market capitalization is sitting at $5.6 billion.

Here’s some additional news concerning Jumia Technologies that possible JMIA stock investors might want to know about.

JMIA stock was up 3.1% as of Tuesday morning and is up 81.6% since the start of the year.

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.

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