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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 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 ]
Jumia Technologies (NYSE: JMIA) stock surged in Thursday's trading. The African e-commerce company's share price ended the day's trading up 19.7% and had been up as high as 26.1% earlier in the ...
I’ve written about Jumia (NYSE:JMIA) before where I examined the company’s disappointing short-term results. Investors get so wrapped around short-term thinking that they tend to forget the ...
The channel was launched on 8 June 2022 and it started broadcasting on that same day. [2] [3] The station is known for its focus on sports 24/7, with covering live sports events in Uganda like the National Basketball League, [4] Pool Table competitions, Uganda Boxing Champions League, Uganda Rugby League among others.
Location of Uganda. Uganda, officially the Republic of Uganda, is a landlocked country in East Africa. Uganda's economy generates income from annual exports that include coffee ($466.6 million), tea ($72.1 million), and fish ($136.2 million). [1] The country has commenced economic reforms and growth has been robust.