Why Jumia Is Beating Amazon And Alibaba In Africa
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- Опубліковано 24 чер 2019
- Jumia has been dubbed the "Amazon of Africa." It's Africa's largest e-commerce operator, surpassing Amazon and China's Alibaba, and it's the first African tech start-up to go public on the New York Stock Exchange. Investors had high hopes for Jumia when it went public on April 12. Now, Jumia is adjusting to its new international status, and figuring out what that status means for the African continent.
Jumia is Africa's largest online retailer. Sacha Poignonnec and Jeremy Hodara, former McKinsey & Company employees, founded the company in 2012. Like Amazon and Alibaba, Jumia allows customers to buy products like cell phones, shoes, and groceries online. Jumia also offers bill paying, food delivery, and cellular data plans.
China Daily, a Chinese state-run news organization, says that Alibaba serviced 4.2 million African customers through its AliExpress services since it entered the continent.
Jumia serviced 4.3 million users and 81,000 active sellers in 14 countries. Amazon is available in 11 countries on the African continent, but neither Amazon nor Alibaba have had the benefit of getting their start in African countries. Jumia, for example, offers unique features like allowing customers to pay for items upon delivery.
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Why Jumia Is Beating Amazon And Alibaba In Africa
So it's an african company founded by 2 french ex-employees of an american company, which pays taxes in Germany, developers are from Portugal, headquarter in Dubai and based in an american stock exchange. That is the magic of modern world.
It's quite not practical! There's something fishy in that dIVeRsE cOmPoSitIOn
GLOBAL world, you mean
@@0x0michael yes ;
contemporary*
modern doesn't mean what you think it means.
you're right on the rest though.
Ponzi
"Everyone wants Africa to win" biggest lie ever told.
Naa, Africa don't want to win. #LazyAfrica
@@Shiley007 Africa is not lazy Africa is only held down. By a few of its people and some European countries
Awkward Silence And what’s stopping Africa from breaking free? Asia did it, what’s stopping African from breaking free from European grasps?
@@Shiley007 lol yeah right Asia did it ask Afghanistan, North Korea, Yemen, Tajikistan, Myanmar and Bangladesh how they did it. South Africa and Nigeria are individually better than this asian countries in almost every index.
The only few good asian countries like South Korea developed thanks to billions of dollars USA pumped into the country that is why they will forever remain thankful puppets of USA. Usa fought for South Korean independence and till today has over 30,000 us soldiers in South Korea in Nigeria USA doesn't even have a Base or command center. I will like you to look beneath the surface more often.
@@Shiley007 usa army has 3 bases in south Korea the us air force has 2.
In Séoul, In Daegu, in Osan, in Kunsan and many other places around South Korea every us force airforce, army, navy, etc have garrisons, Bases, docks, many weapons and facilities in South Korea.
For some reason south Korea is currently paying USA.
USA has 14,000 troops in Afghanistan which is understandable since it is a country at war but why does USA have 61,000 troops in Japan a country that isn't at war, that is not even participating in any conflicts anywhere in the world?
CHINA is the only success story when it comes to developing independently a d fighting off the west and yet even them have their grey areas.
Not African..it's a european company based in Africa.
Yes but his level of PC doesn't want to admit it.
Who_Bob Pc: profit calculations
Correct i said the same thing
what's new?
damn u type person that must hate black ppl
"we have 5k employees in africa, we are completely african" so apple is a chinese company?
@ric GikonyoAmazon was founded in the US by an american
@ric Gikonyo that's why is an American company Apple too not because of the market not because of taxes not because the company operate in The US
😧
@@hova2781 jumia wasn't founded by africans
im Nigerian
i know jumia very well, ive never actually bought things from them as i dont buy online frequently but they are ok, the reason they are better than alibaba and amazon is because they started here and know the market already, as for the complains, i dont know about the numbers but i know they had issue with some of the delivery driver, one was lured and killed and it sparked a huge problem, i think now they dont deliver in certain area and they dont enter gated compounds but all around its an e-commerce and they do just that
also about the non-africanness thats ok but its wrong for the CEO to say africa dont have the developers to run it in africa that is simply not true, yes it may take some training to international standards but the african population is full of young warm-blooded intellectuals, if youre gonna operate in africa utilize this talent, employ africans
A very lousy excuse actually, "no developers in Africa" , I can't believe this people say what ever they want about Africans.. Its very annoying..
Was wrong of him to say it as plainly as he did, even if it was true
Too bad all the taxes are going to Germany!
TᴇɴᴢɪN TꜱᴇᴘʜᴇL It’s not true in fact I wish all non Africans would the leave continent to put that to the test.
TᴇɴᴢɪN TꜱᴇᴘʜᴇL It’s not true in fact I wish all non Africans would the leave continent to put that to the test.
On behalf of “AFRICA” the “country” we don’t recognize this as our own.
Well put Lele well put
👏🏿
I have a question is it popular in Africa and are people using it now?
@@bjbryant4373 this was the very first time hearing about such so take the claims with a grain of salt. Also your answer simply lies in how many Africans own smartphones. The biggest problem for Africans is having continued access to internet. I can’t tell you how expensive it is to swipe through Instagram alone . Using cash and taking a trip to the shops is still the most efficient way because the idea of waiting for something I need right now to arrive a few days later makes absolutely no sense.
Yeah, but fortunately, you are not "we" are you now...
Jumia provides thousands of job to Africans. It makes high tech and last trends goods available to Africans, it provides business opportunities to Africans and is by far the most modern company on the continent... so repudiating Jumia, because few withe dudes founded it, that's somehow racist, ignorant and suicidal according to any African with a brain !
So basically, Jumia is African like Apple is Chinese...
=(
The correct answer is Huawei to Chinese...
@@EbbnFlow2012 if you take this at face value, which I do, It's more comparable to apple since Huawei is actually a chinese company owned by Chinese. Apple is an American company but it produces in China. Jumia is German owned but produces in Africa.
@@Goodboysforlife but jumia claims they are african, apple does not claim they're chinese
Apple is indian now
@@EbbnFlow2012 lol Chinese love foreign brands than anything, huawei sold more phone oversea than in china
Stock price: **crashing**
Investors: Why are you running?! WHY ARE YOU RUNNING?!
Lmao
I know this joke. :-)
😂😂😂only we Africans can get this joke ...like if you got it
Daggie Blanqx but I’m not Africa
@@DaggieBlanqx that's worldwide joke
The Amazon of Africa should be called "Congo". 🤣
THAT WOULD BE SICK!
😂😂🤣🤣
That's actually dope.. lol.
Missed opportunity. Guess ex McKenzie is not equal to "street smart" like that
If it was Egyptian/North African, it would be called “Nile”.
Chivo yeahh
When he said we should be in Africa he meant let's sell stuff to them and take there money back to our country.
the word 'there' describes direction...
Making core income in Africa... but billion in lose.....this is just Nigerian scam.... they had 5,000 African employees which third the cost of European wage... but they do need the German back up since otherwise nobody will buy the stocks..... I see 10 years never see a profit... just keep selling the stock into market and try to made back that billion...
Before making money back...they need to recover their billion first.....
Da Dude or Location. But definitely not what he meant. 😂🤣
Basically!
@@campkira How is it a Nigerian scam it wad made by europeans plus amazon has never made a profit so whats your point
European company baised in africa. Come on don't fool us. What we want is, african owned and built not European.
Let's look to the past, what has africa ever built
@@heifner1063 pyramids.
you clearly haven't watched enough discovery channel in the 90's (before they replaced the pyramid docs with reality shows, straight from MTV)
@@heifner1063 if it wasnt for african/asian resources it wouldnt be a europe. Lets be real !!!
@xOr he's delusional.
@Ahmad Ahmed 💯 Agreed!
"There's not enough developers in Africa!" ?? Nice joke
There tons of developers in Africa with less opportunities.
sure there are, they are just shy
*good developers..guys curse at me..but I see lot of Indians in US markets but don't see much from the whole continent of Africa
Most investors don't invest in Africa start-ups because African money is held to a less value and much of the people of Africa don't use internet to buy stuff. Also, investors are discriminatory.
Lol the Citron part made me laugh especially after the whole GameStop thing.
yeah me too. Shortsellers are doomed now.
I thought the same thing lol
Vampire Vultures ...
Ye
Jumia is not African company it is European company.
The owner is from Germany that's why the pay Taxes in Germany!
Yea all the top people in the company are not even African 😂 only the workers lol
Actually they have two Nigerian top executives that wasnr mentioned in this
@@Samuelkings there just faces puppets
Business as usual
Eric 23 u don’t know what is going on 😂
Eric 23 they will pump foreign goods into your country neglecting ur local business... there is politics and a whole lotta things in business
Definitely not an 'African company' but I am glad to see Amazon and Alibaba get some competition
Amazon is going to buy jumia
I hope not
Yeah. They better not.
Alibaba might too. They did that with Lazada in Southeast Asia.
Yes they will same thing happened to Indian e-commerce site called Flipkart and after they bought Flipkart they throw away all old employees including top management and replace them with old Amazon employees
@@rajatkubade3235 flipkart was purchased by Walmart not amazon India.
Pays taxes in Germany, developers in Portugal, CEO from France and Headquarters in Dubai = mUlTiNaTiOnAl & DiVeRsE
Loot Box ah yes, diversity is so great!
CNBC is completely off the track with this report!
to be honest you could not pull of all of that in Africa i few years. it would take 10 years just o form company
No good selection;
Germany has the biggest low-wage market in the EU. Tricky
political situation.
Frenchies are to the majority sons from Goldman-Sachs. Crooks
Dubai = UAE = reckless Nomads found some Oil back in 1967,
51% of a company there had to be held by a local.
@@junkman6456 at least there are a lot of devs in Portugal.
At least now, Africans are educated enough to use the Europeans just as much as the Europeans are using them, to develop themselves and their countries
Jumia is not African , it is European owned by a French men!
So? What's your point? Apple is a company owned by Americans with their products made in China and the corporate HQ in Luxemburg and Ireland so it can avoid paying taxes... Is Apple an American company?
Yeah what he said now what do you got to say
@@eduardgherasim2896 atleast the CEO is American. Not with Jumia, so 🤷🏼♀️
Lala that's called racism.
@s b yeah if there's so many other Africans like you claim why aren't they hanging around and helping the ones with the black skin complexion
6:16 yes and Amazon is Luxembourgish and Apple is Irish. Oh come on.
haha true
Haha false , its about the R&D (which most is the us) and paying taxes ( well that's the european part only )
False. Because Amazon/Apple is in those countries for tax purposes. Amazon and Apple's senior managements are American to the core, while Jumia's senior managements is European with their business activity in Africa.
Which is not really a problem if Jumia is private and most of its revenue continue to circulate in Africa, but I don't see that being the case. Taking the company to NYSE and its top management being in Dubai... foreign shareholders will be extracting profits generated in Africa yet again.
@@MrDMIDOV I think, this will have a net positive effect on the African ecosystem.
Dr Zobrist thank you. I feld exactly as much. If the company is based in Africa, then is African Period!. What's the problem with a foreigner starting business in Africa?Why don't these critics say SpaceX is south African? Since Elon is from SA.
Dude how many voices does Tomi Davies have? Lol
I was thinking the same thing 😭
I know right lmao
Same question here
ahahaha bruh i was lowkey bamboozled too
Ever heard of muliple voice disorder ? Its a thing you know.
(well, I think its a thing, if it isn't then Tomi Davies should make it a thing).
"largely" They have no African engineers, only African labor. Headquarters are in Europe and the UAE. It's a European tech company operating in Africa.
And so what. Atleast they employ african people. That is also beneficial to afticans
@@robertjonker8131 There's nothing at all wrong with a foreign company operating in Africa. It just isn't an African company like they claim it is.
True
Robert Jonker We don’t know what they are paying those people they could be paying them pennies. Its not OK for them to say they are African when they are actually white. They know exactly what people think when we hear African we think BLACK and they are far from it!!!
Depends on your point of view, it might not be African owned but it is a Company made for the African Market exclusively and in my mind, that translates to an African Company.
I'm from South Africa and Its my first time hearing about this company.
Ndala Alex same here. Isn’t takealot the closest company to Amazon.
Same
With a different name in South Africa.
I’m in Algeria and I live and eat by this company lol
Well it's more dominant in West Africa than other parts of Africa.
this just looks like innovative Colonialism.
Bingo!
And this is just the tip of the iceberg
China pretty much owns Africa anyway so, it is what it is.
racist language. the world is open! they are concerned with skin color or origin, that is a mistake. Greetings from Germany
@orinoco sula Troll 😈
It’s an European company. Stop calling yourself African company.
Right
Exactly
jumia is a project that goes through many african hands, african people work in jumia so jumia is african. Europeans have collected money so that what can become of it, or do you want to work for free?
a little more gratitude when a new world in Africa is created here.
Europeans don't make a living for a long time, but have invested many millions of dollars and a lot of life, that's not a question of race!
Racist
Portugal *which is in Europe* thx for the explanation I was thinking of the Portugal from Mars
Comprehensible, some people don't care about Geography.
A survey was held on my country, many people thinks that Spain is on Canada or Africa.
I don't think he was teaching geography here, he was simply emphasizing the fact, that it's an European country and not African. I think, it actually had a strong impact when it comes to his narrative.
@RGV YT Well at least I'll give him the benefit of argument that he doesn't have much material to study geography, and if he got a pretty hard life to cope. If that's not the case, well I assume pure ignorance.
But today, c'mon man Google is everywhere. And I can't be the only one zooming out until I see the whole world map on Google Maps after finish searching location I wanna go to.
ZKB rhodas I thought Portugal was in Brazil
Do you get paid to comment on you tube or what? I had never seen a video without your comment>
"Jumia's most significant impact is on the African continent"
Can we get statistics on the size of this impact?
How many businesses have been started?
How much value are they bringing to their respective markets?
Jumia is the #1 e-commerce service in Nigeria. E-commerce accounts for less than 2% of total sales in that area. Now imagine when the country begins to adopt e-commerce even more in the next decade..
E-commerce has completely changed the economy and businesses of every country it has touched.
If it’s not Jumia, it’ll be some other company.. but e-commerce WILL completely change rural Africa.
In Algeria they keep the market competitive and they also do boost local restaurants and take outs as people can order at ho
According to Wikipedia, the founders of Jumia are Jeremy Hodara, Sacha Poignonnec, Tunde Kehinde, and Raphael Kofi Afaedor. Last two are Africans, Nigeria and most probably Ghanaian, respectively, going by the names.
Nonetheless, it seem to be an European company.
@Thomas vanDyke Lol thats just not true. And where u get yo stats from?
wait so a short seller made a report damning the company, and it made the stock price fall... 🤔🤔🤔
Indeed, if only the SEC (or equivalent) could prosecute such people for market manipulation.
Stephen Louie It’s not market manipulation to publicize an opinion. Analysts who have a long position in a company can legally publicize their case for being long. Analysts with a short position can legally publicize their case for being short. Just because research is released exposing a company as overvalued, doesn’t mean the market will bite. Look at Pershing Square’s research on Herbal Life. Tons of research on why the company is a scheme, and the stock price continued to go up.
@@tyjohn4779 Valid point. Thanks.
spambot71 IKR. Like, plain as day.
@@tyjohn4779 John that's fair. it still strikes me as a conflict of interest, even if not illegal
Africa is basically china before the economic boom. Its very simple, if you know some amazing idea that worked in the west, bring it to an undeveloped country/continent and become a billionaire. Developed countries have barely got any steam to grow anymore, specially with the economic bubble that it currently is, undeveloped countries have enormous potential
Dont forget lack of gov regulation in most things
Exactly.
Am a vendor with Jumia Kenya.. Its really helping increase income to businesses, creating jobs directly and indirectly.. Despite that it's making loses I hope it grows
Tebu waaambie 👍🏿
Me too man. I downloaded the app. I want to sell on Jumia. Or one the branching companies. I'm in America tho. Seems like a great time to travel to Nigeria or South Africa & build some sort of relationships with delivery companies ect
Can an American be vendor?
johnnie williams yes I think. Just buy and ship to their warehouse. Only thing I doubt is if you won't be asked to provide a valid means of ID.
How do I get an agent so I can pay commission someone to sell my product
"We all want Africa to win"
Africa: Yes
Rest of the world: No
@superfuresh go and get some friends
My friends works as a backend dev in Jumia. He tells me a lot of funny stories. How the deliver guys find the houses and sometimes they try to pay with chickens.
J R lmao.... definitely not in Nigeria
I love they talk about a whole continent trought one single country
Jumia is not African but French own. It’s high time we have “Congo Basin” by Africans for Africans👌🏽🇬🇲
Jamia is an European scam
So its a European company operating in Africa , typical!
By operating in you mean sucking dry? :)
boxertest who else will feed the Africans?
@@Marboyerable who are you talking to and what about? Wrong post?
@@yogioto youtube messed up my reply is to another comment , that's quit weird
so investing in africa is a bad thing? I thought every single country wants foreign investments.
By the way do you think corporations wants to pay more salaries for european developers? If they could hire locals for less? It is not an evil plan not to hire africans, lol
We are 100% African Said buy a 100% European...
Everything on jumia, you can get at 10-20% discount on the streets.
True
Yep
True but we want to modernize Africa
how many people are willing to go looking for stuffs on the street when you can receive it at home or work with alittle extra. most people who work at a regular job cannot just leave to go looking for stuffs during their working hours.
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No longer a unicorn, I bet they wake up everyday and pray Amazon shows interest in buying them with their continuous losses
Jumia wasn't founded by the current CEOs it was founded by a Nigerian (Tunde Kehinde) that later resigned for an unknown reason. Tell the real stories!
Maybe just msyve the company just dont care or maybe the new owner acutuaply buy it and claim as the founder
He was a co founder.
"There are not enough developers in Africa" Dude!!!
They are using this lie as an excuse for not employing more locals in technical roles. There are more than enough developers for a 100+ jumias in Ghana and Nigeria alone.
That's how they see Africa My brother ! This people never change ! They all the same!
They are. Just not enough resourced
It is true. You wouldn't be able to find a large enough supply of them in Africa.
@@thefuturespast5981 don't kid yourself, there are more than enough developers in Africa, you'll be surprised by how many thousand developer lives in my city Benin alone not to talk of Lagos, Africa has more than enough really good developers
HA! Citron is finally paying for trying to destroy companies... GME 🚀🚀🚀
where? how? link?
West Africa! Please stop referring Africa as a country
US Americans and geography...don't waste your time :)
we have it in Kenya so its african
tunisia, morocco, algeria, egypt, ivory coast, so on and so fourth, are NOT west african. just saying :D
Johnson McBig yeah sure boi
@@alexdev5809 ivory coast isn't west African?? Since when?
I live in africa, never hear of this company.
Really
That's shockingly 😂
because most probably it's not available in your country
Sad.
mostly operates in west africa
I live in the US... I never heard of In and Out Burger...
You Africans should stop getting played.a German company in Africa
Hitlers people imagine that.
Africans had best learn to keep westerners at arms length.
Africans never will learn what we in diaspora know white people don't care about African people just land and money
"How Jumia claimed Africa" is not a good choice of words.
I saw this video searching for that answer or some logic..to get some inspiration. Zzzz. Feels like clickbait
Very colonial-esq like considering the founders aren’t African at all
Thank you! I saw that and just winced, lol.
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It doesn't matter what country the company is from, what matters is that people are getting the products they want and that it provides local jobs and boosts the economy
Jumia will be $500 + in 5-10 years. It has great potential and a strong team. Great company don't listen to the FUD
Amazon and Alibaba to Africa: _gonna take a lot to drag us away from you_
Nice.... XD
4 million customers spread over a whole continent of 1.3 billion people is too small and too sparsely distributed a consumer base for Amazon to invest any serious resources in. When the consumer base rises to a higher number and is more dense, Amazon will swoop in and make Jumia investors rich.
Actually amazon is in Africa. You can ship items to your door step in most of those countries listed .Jumia just likes to insist to be African to lure investors. Whereas amazon doesn't really have to
Edwin Fanice as I said, Amazon has not invested serious resources in Africa. I did not say they were not in Africa at all.
It doesn't matter if Jumia's headquarters are in Dubai Portugal or France, what it matter is that it works IN Africa, FOR Africans. We need to get our priorities straight! Good Business for Africa comes first, then we can think about Africanness etc.
I agree look at what China has done copy and you have a developed continent.
Those fuming saying "it's not African " what's the deal? They are saving us well..actually, I'm just from having my Jacket delivered by Jumia.(without complications or worries).
Jumia use "the first african startup company" only as a branding, to market itself. So thats why its stock price can go up and it gets the fund it needs.
I hope this company tanks, the CEO just sees Africa as a jackpot. There are many coders in Africa. We want purely African startups.
Glad to know that fellow Africans are doing what we do best and turning a negative into a positive that serves us best
Who cares if it's not African, business is business and Jumia is providing a service to Africa better than any other competitor in the space.
Well like it or not, In Algeria , the first exoperience of buying online was on Jumia. It faced a lot of resentment and fear from the people but years later, today, the people are confident to shop online and do that and it even inspired the creation of many online stores of diverse products and services.
Whereever the HQ is doesn't matter all that matters is the impact it had on African countries.
Thats not the point, the point is its not an african company as they pretend it to be...they are just using the african context to further their agenda...fail
Saying they’re an African company while the owners / founders are all European is a great publicity stunt, but completely BS.
A guy from Venezuela is trying to do the same thing here in Mexico, we all know that the company isn’t Mexican.
I am buying shares aggressively and holding long term. JMIA will be a 3 digit stock in 1-2 years IMO.
The one thing, that I pick up from this company Jumia,they are opening the minds and eye of African people. They want to colonized Africa by force with this company. We keeping our eyes open, and looking forward to Africa long term version.
All Colonial Master’s 🤷🏾🤷🏾🤷🏾☝🏾🦅
Get Out 🏃🏿🏃🏿🏃🏿🏃🏿🌎 of Africa ⚡️
NICE!!! TIme to level up!! I would invest in infrastructure! Make street, bridge, Bus stop, metro, train... Once that is all set and done, The ecom will skyrocket!!
Jumia in Morocco is just one big scam operation. It sells a lot of counterfeit products. I personally ordered windows 10 and MS Office from Jumia and got pirated CD, when I wanted to return them, Jumia said that I have used them. I lost about 60$. In Morocco we have a saying : quality Jumia it means it is a counterfeit product. It is a disgrace to call Jumia the African Amazon. I have bought many things from Amazon and I was always satisfied.
Lol, This video is just another mainstream news propaganda. Fake news. Jumia services are extremely poor. They and many like them have discouraged so many people from purchasing things online.
Jumia is a German company and pay taxes in Germany, and headquarters in Dubai, CEOs are irrelevant to the argument are French, its development is in Portugal. All around the world EXCEPT Africa. Just labor is all they think Africa can contribute.
Buy shares in Jumia? 🤔
Chris Invests - Personal Finance Videos don’t Amazon will buy it
Buy telcoin Cryptocurrency
Hold off on it for now.
I almost feel like this was an ad for there stocks...Yet I'm intrigued.
Don't buy stocks because the media is covering it. Buy into a company after you've done your research and when its market price is at a bargain. Invest, don't speculate.
well did he just say there are not enough developers in Africa? That's a complete lie.
Biggest lie, how is he a CEO of an "African Company" and yet so misinformed of market..
Oh wait he's not African.
A big fat lie!
Africa does have an issue with brain drain though.
the smartest are emigrating, especially from Sub-Saharan Africa.
- no wonder from their perspective. earning 10x more with a 5x higher cost of living is a no-brainer for most.
@@matheka5495 but are they experienced developers
im a South African whos never head of jumamaji or jumia until now
The world leaders in online shopping finally can smell what's cooking in Africa. Jumia is currently the rock in Africa.
I bought JUMIA because of this Video... now look at JMIA price :) thanks!
Just let Asia and Africa figure out their identities and needs ...it doesnt have to be the same ol amazon or alibaba (or any global mainstream platforms). Bored.
But but.. Alibaba is Asian, more specifically Chinese and was started by Jack Ma.
ehm... i don't think anyone has an issue with identity though... identity truly doesn't fit what you're trying to say mate.
and Asia? ehm...... alibaba, rakuten, samsung, toyota, kia, etc etc etc... ehm... *facepalm*
Damn it! Based on the title, I was ready to sign up. We Africans all know, we need a worldwide online shopping system. Alliexpress takes too long, often times they loose my orders.
Africa is the future. Jumia focuses on Africa not because Africa is particularly profitable now but it will be a huge company in 10-20 years.
For all those that haven't looked at this read about the African Union. It's the equivalent of the European Union on the continent and has some incredibly ambitious goals such as a single passport, single travel area (equivalent of Schengen in the EU), single market and eventually a single currency. The brilliantly named Afro will one day become the equivalent of the Euro. Oh and every country in Africa is a member.
Why is Africa the first place Europeans go when the want cheap labor ?!? has nothing changed?
BS. I'm not buying from them anymore. I thought the company runs in Lagos Nigeria. What does he mean there are not many developers in Africa. That's untrue. Lagos alone has tens of thousand of them.
"In Africa there is not enough developers" another lie
Big Lie
Here I am wondering whether the content of the video really matches the title
let's hope jumia's mafia will come up with something really better and reliable
Man I love this channel with all my heart. CNBC is the best.
When's the wedding
@@Tyrone696 🤣🤣😂🤣🤣🤣
@@Tyrone696 😂🤣😂🤣😂🤣😂🤣😂uhhh come on 😂😂😂😂
I only saw this video now - one year after it was aired. Thank goodness, my JMIA stock went up 198%. So Citron, WHATEVER you say, I know know why there is the WSB movement!
they don't have enough developers, we have a lot in kenya, Nigeria
It's just an excuse for having everything based in Europe, exclusively run by Europeans.
Apparently they didn't look hard enough. These idiots think Africa is a neighborhood.
Highly doubt that. High profile nigerian and kenyan developers are not based in their respective countries. They are rather, somewhere in Europe or America where they can get paid for their qualifications and skills.
@Pichkalu Pappita if you haven't heard of any it doesn't mean it doesn't exist
The LIE at 6:55 . "In Africa there aren't enough developers". I can name a few examples of European and American companies hiring developers in Kenya. Oh heck, I even know enough friends writing such software. He was insincere there, while trying to explain why all developers are based in Portugal. I mean, what has Jumia built that is beyond the scope of a regular mobile and cloud stack ?
Alfred Mwendwa deep truth. Liars. Especially the Tomi man is a liar with his strange accent.
What happened to Konga...? They were strong competitors before now... All of a sudden, they went mute...
I can imagine Africans feeling a bit insulted when some company comes and says "We are an African company" but a huge part of their administration is OUTSIDe of Africa.
If the CEO's were born in Africa and completely operated INSIDE of Africa, then ok, no one would be bothered by this.
Hopefully this would jump start local Africans to compete and finally bring real infrastructure.
All this while i was thinking jumia was owned by Africa people
This is great, we need to see more competition, challenge the tech overlords
Robert soonest
I don't know why but I really love the name Jumia
it reminds me of Jumanji.
The continued talk of "Africa" when referring to a few countries shortchanges all the countries on the continent. Each country has its own set of challenges and positives so to lump countries like South Africa, Kenya, Ghana, Botswana, Namibia, Morocco, Algeria etc with the densely populated/disorginized countries like Nigeria is unfair to them. For instance, Kenyan cities have proper road signs and clear street names while countries like Cameroon, Central African Republic, Burundi do not have such. Furthermore, countries in the East are better managed than west African countries which many of are headed by puppets of France who do nothing but loot and plunder.
Africa really deserves to have this bringing money into their economy. Not into others. They already got people exporting natural resources for other countries gain.
It doesn't matter whether its an African or European company as long as it is creating job and improving local african communities.
Don't be ridiculous. It's because of attitudes like this that Africa is struggling today.
Never African, German Company based in Africa.
With 54 African countries, good services are the key to prosperity. Tell me who is leading the fight to develop the Amazon like start up tech in Africa? I commend Jumia for being a trail blazer in this new sector. It's like arguing Apple / Microsoft is not an African company so it's computers, cell phones and software do not belong, that's dumb.
well said. i love jumia.
I sell on Jumia and these guys are killing sellers with hefty commissions and they make us buy even packaging materials. And how dare the CEO say that there are no developers in Afeica..?
yea that's crazy
I'd prefer Amazon over Jumia anyday. Plus if Amazon is situated in Africa shipping stuff from The US would be super easy.
And cheaper. Absolutely i would prefer Amazon also. Most of This Chinese stuff is too fake.
@@oppsinlyf lool where do you think the products on amazon are made
@@oppsinlyf Amazon is full of cheap Chinese stuff too.
@@ToySoldiersTV China, Jamaica, USA, Europe, Malasia, Vietnam, india, Phillipines, Korea, Japan.... its not thinking. I know because i have bought from amazon. Dude try ordering from Ali Express then you would understand my arguement
@@randomcharacter6501 i know but there is something called core, innercore and outercore, its more like original, copy and fake. The type of products to expect from china to Africa is the cheapest ones. And as it goes you get what you pay for. And to me its better to buy a second hand original item than to buy a fake
Then if its African we should own most shares.
go buy the shares then.
It’s a public company, go buy some
I will say jumia is the best in Ghana when u talk of buying outside the country .but pls and pls we need more item such us RC foam board , magical book, motorcycle engine and so on pls.Thank uuu JUMIA..
Those french guys are genius. They have made it. I admire them. They would go far