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The same month, Jumia and Carrefour signed a partnership to sell online products in Africa. [19] In April 2019, Jumia went public on the New York Stock Exchange (NYSE) and raised $196 million in net proceeds. [20] The share price, initially offered at $14.50, rose more than 200% in the first three trading sessions. [21]
Jumia became Africa's first unicorn - a private company with a $1 billion-plus valuation - to test the public market for a sub-Saharan tech firm when it listed in New York in April.
Ron served as Senior Vice President (SVP) at Jumia Group, Africas's tech unicorn and CEO of Jumia Uganda until 2022. He was involved in Jumia's listing on the New York Stock Exchange in 2019, the first for an African tech company. Ron is often referred to as Uganda's father of e-commerce. [2] In 2021, he featured in Forbes. [3]
Jumia Technologies AG (NYSE: JMIA) shut down its office in Dubai and migrated senior management to the African countries they control to cut losses and redirect the company after its founders quit ...
Jumia Travel was founded in 2013 by the E-commerce platform Africa Internet Group (now Jumia Group) and is backed by MTN, Rocket Internet, Millicom, Orange, Axa and other financial partners. [11] Operations were started in 2013 in Nigeria and Kenya by company's co-founder Marek Zmysłowski [ 12 ] and Estelle Verdier. [ 13 ]
JMIA stock has solid long-term potential as a proxy for the African growth story. Source: farzand01 / Shutterstock.com This is true regardless of the outcome of the company’s Q3 2021 results.
As of 2017, Uganda had about 130,000 kilometres (80,778 mi) of roads, with approximately 5,300 kilometres (3,293 mi) (4 percent) paved. [31] Most paved roads radiate from Kampala, the country's capital and largest city. [32] As of 2017, Uganda's metre gauge railway network measures about 1,250 kilometres (777 mi) in length.
There are a number of newspapers in Uganda today. New Vision is Uganda's leading English daily newspaper. It is a state-owned newspaper and has the largest nationwide circulation. The Daily Monitor is an independent English-language newspaper and second in circulation to the New Vision. The two papers dominate the print section of media in Uganda.