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Jumia lists on New York Stock Exchange

By Prince Osuagwu

Pan-African e-commerce platform, Jumia, at the weekend listed in the New York Stock Exchange helping to fly Africa’s flag higher in New York.Jumia

The listing sparked off celebrations in all of the e-commerce platform’s offices across Africa as employees rang the bell simultaneously as it was done in New York.

Jumia said that was necessary because the listing was made possible with the team spirit that all Jumia employees across Africa exhibited.

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Co-founders and Co-Chief Executives, Sacha Poignonnec and Jeremy Hodara, said: “This achievement has been made possible by the hard work of our teams, the trust of our consumers, as well as the commitment of our sellers and partners. All stakeholders deserve credit for this milestone, and we are just at the beginning of a long and great journey. We are going to continue to focus on our mission and to work even harder to help consumers, sellers, partners and all stakeholders benefit from this technological revolution”.

Founded in 2012, Jumia started a mission to improve the quality of everyday life in Africa, by leveraging technology to deliver innovative, convenient and affordable online services to consumers. Jumia further empowers businesses to grow, by using its platform to reach and serve consumers across the continent.

Jumia is currently active in 14 African countries with more than 81,000 active sellers transacting online businesses with millions of consumers. The e-commerce platform says it directly employs more than 5,000 team members in Africa.

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