tstx:
Hmm... The man was busy rambling instead of answering the Question "How exactly did you survive the recession..."

I have to read it twice to be sure that I did not miss any line.
The man did not state exactly how Jumia survived the recession. The guy is very clever.

...despite the economic recession, the Nigeria market is still one of the best to do business in Africa...what we imagine the huge gains if our past and present leaders are sincere...

tripleY:
LONG term strategic planning is giving the electronic commerce platform, Jumia a heads up against its competition that appears to be shedding weight due to recession. The company’s global chief executive officer (CEO), Jeremy Hodara admitted recently that the company may have not made enough gains in its five years of operating in Nigeria, but because of long term planning, the recession and Forex challenges did not in any way slow down its operations.

According to Hodara, “Nigeria is still where to be. The demand is still here despite the various economic challenges. Agreed, that the Nigerian economy has indeed been very tough in the last 18 months, which has thrown up lots of unpredictable behaviour from the consumers, but we are still ahead and instead of going down, we are recording increasing demands and we are expanding our offerings too.

Despite not being so profitable, we are still investing in the business in various forms. Jumia is a Nigerian company that will be here for another 100 years. We are on the long term. Nigeria is our He also used the opportunity to intimate on the company’s plans to extend the ‘Black Friday sales to one month instead of the usual two weeks the promotional sales last. He said this was to celebrate Nigerians who have also consistently patronised and kept the company running.



SOURCE: https://brandspurng.com/how-we-survived-recession-in-nigeria-jumia/

So ?

Buhari government tried to bring ur company down but God pass him...hw many foreign investors are in nigeria now....Ndi ara APC.

Vizboy1:


Justi4jesu Na technology section you suppose dey watin u dey find here

Na you i find come

Good of them

tstx:
Hmm... The man was busy rambling instead of answering the Question "How exactly did you survive the recession..."

Same question I keep pondering on after digesting the whole piece.

Ever since I joined jumia as a vendor my life has changed, I make cool cash every week, thanks for helping we Nigerians

tripleY:
LONG term strategic planning is giving the electronic commerce platform, Jumia a heads up against its competition that appears to be shedding weight due to recession. The company’s global chief executive officer (CEO), Jeremy Hodara admitted recently that the company may have not made enough gains in its five years of operating in Nigeria, but because of long term planning, the recession and Forex challenges did not in any way slow down its operations.

According to Hodara, “Nigeria is still where to be. The demand is still here despite the various economic challenges. Agreed, that the Nigerian economy has indeed been very tough in the last 18 months, which has thrown up lots of unpredictable behaviour from the consumers, but we are still ahead and instead of going down, we are recording increasing demands and we are expanding our offerings too.

Despite not being so profitable, we are still investing in the business in various forms. Jumia is a Nigerian company that will be here for another 100 years. We are on the long term. Nigeria is our biggest market. We are not in a hurry to make profit. It took Amazon about 25 years before they could become profitable. But we shall remain consistent, serving the Nigerian economy thoroughly.”

Meanwhile, Hodara also hinted that about 60 of the company’s 15000 vendors across the country would benefit in a soft loan scheme the company was putting in place to boost ecommerce in Nigeria. He disclosed that vendors that have distinguished themselves in terms of professionalism; trust and also have verifiable needs for the loan would be considered so that their businesses will continue to flourish.

He also used the opportunity to intimate on the company’s plans to extend the ‘Black Friday sales to one month instead of the usual two weeks the promotional sales last. He said this was to celebrate Nigerians who have also consistently patronised and kept the company running.

Hodara confessed that Nigeria remained the largest market among the 20 countries Jumia currently has its footprints in Africa. Jumia recorded over eight million customers, who patronized the platform during the ‘Black Friday’ last year, but this year, Jumia is planning to double the figures.

SOURCE: https://brandspurng.com/how-we-survived-recession-in-nigeria-jumia/

But what about Konga

okerekeikpo:
Ever since I joined jumia as a vendor my life has changed, I make cool cash every week, thanks for helping we Nigerians

Dont you like Konga?

lightinchrist4:


Dont you like Konga?

I have an account with them but for some time now it has refused to log me in

tstx:
Hmm... The man was busy rambling instead of answering the Question "How exactly did you survive the recession..."

Exactly my thoughts. I stumbled on that to read specifics even though I wasn't expecting him to be all revealing for competition sake.
But as an entrepreneur, this past 18mnths has been a hard lesson learned because in Nigeria we are at the mercy of this useless government policies. But there were specifics strategies i employed to cut down daily operating cost from say 10-15k to like 3-5k to ensure business survival. It helped enormously and ensured I diversified to open up new income flow...

okerekeikpo:
I have an account with them but for some time now it has refused to log me in

Ok you can keep trying it will log you in

lightinchrist4:


Ok you can keep trying it will log you in

thanks

okerekeikpo:
thanks

Youre welcome

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