Afrobility: Africa Tech and Business

#2: Jumia - From Rocket Internet to Unicorn IPO. What’s next for the ‘Amazon of Africa’?

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Overview: Today we’re going to talk about Jumia - The largest ecommerce player in Africa. We’ll discuss its founding, seminal points in its history, eventual 2019 IPO & Jumia's future outlook. This episode was recorded on May 3, 2020.


Companies discussed: Jumia, Africa Internet Holding (Africa Internet Group), Rocket Internet, Kasuwa, Sabunta, Konga, Naspers, Takealot, Kaymu (Jumia Travel), Hello Food (Jumia Food), Lamudi (Jumia House) & Carmudi (Jumia Cars)


Business concepts discussed: E-commerce, Payments, Logistics, Retail, Marketplaces, Revenue growth vs profitability, Stock short-selling & IPOs


Conversation highlights:

  • (1:00) - E-Commerce and Retail context in African markets
  • (2:20) -  What is Jumia? Businesses, Numbers
  • (4:35) - Jumia Founding and History
  • (5:45) - Rocket Internet and Jumia
  • (12:30) - Jumia Fundraising rounds and transition to Jumia Group
  • (12:40) - Konga story relative to Jumia
  • (15:50) - Jumia IPO
  • (17:12) - Citron report, J-Force agents & returns
  • (21:47) - Post IPO decline and lockup
  • (23:20) - Shifting focus to Jumia Pay & Rocket Internet divestment
  • (25:00) - Bankole’s overall thoughts and outlook
  • (35:00) - Olumide’s overall thoughts and outlook

    • Olumide’s recommendations & small wins:

    • Recommendation: Dangal (directed by Nitesh Tiwari)
    • Recommendation: Upheaval (by Jared Diamond)

      •  

      Bankole’s recommendations & small wins:

      • Recommendation: The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution (by Gregory Zuckerman)
      • Recommendation: The Halo Effect: ... and the Eight Other Business Delusions That Deceive Managers (by Philip M. Rosenzweig)
      • Other content mentioned: Most popular sites in Nigeria (Alexa ranking)

        • We’d love to hear from you. If you have feedback, topics you’d like to hear, or just want to say hello, please email [email protected]


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        Afrobility: Africa Tech and BusinessBy Olumide Ogunsanwo and Bankole Makanju
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