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Jumia: 'africa's Amazon' In Landmark Stock Market Listing - Business (2) - Nairaland

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Re: Jumia: 'africa's Amazon' In Landmark Stock Market Listing by Donchuksani: 4:32am On Apr 14, 2019
Please how can I register on jumia as a seller
Re: Jumia: 'africa's Amazon' In Landmark Stock Market Listing by Nobody: 4:56am On Apr 14, 2019
That's great!

1 Like

Re: Jumia: 'africa's Amazon' In Landmark Stock Market Listing by Raiders: 4:57am On Apr 14, 2019
sonnie10:
If I had some spare money I would buy but for the fact that it has not made any profit for a while is not encouraging.
Anyway, Amazon was like that at a point when they were building those mega fulfillment centers.
Jumia might have to tell us why they are not making profit yet
it took Amazon and Alibaba over 10 yrs to make profit. they were both making loses in the first couple of yrs of business. you can search it up on google if you dont believe me. Now Jeff and Jack are the top 10 richest men in the world.

3 Likes 1 Share

Re: Jumia: 'africa's Amazon' In Landmark Stock Market Listing by ALAYORMII: 5:14am On Apr 14, 2019
gtrader:
Wow... Very impressive. I'm gonna buy some good number of shares from them. Kudos to Jumia



Taken by Mii

Re: Jumia: 'africa's Amazon' In Landmark Stock Market Listing by Nobody: 5:32am On Apr 14, 2019
I think instagram sales has reduced the impact of ecommerce sites like jumia in Nigeria.

2 Likes

Re: Jumia: 'africa's Amazon' In Landmark Stock Market Listing by obongitiad(m): 5:43am On Apr 14, 2019
MisterGrace:
Read about it earlier. This is truly beautiful.

The consistency and smart hard work finally paid off.

It is not easy for an online shop to thrive in Nigeria and Africa considering so many factors. But Jumia have found its way around.

This is amazing.

Yeah.

Very true.

2 Likes

Re: Jumia: 'africa's Amazon' In Landmark Stock Market Listing by vixpal: 5:51am On Apr 14, 2019
Visit bextmart.com
Re: Jumia: 'africa's Amazon' In Landmark Stock Market Listing by martineverest(m): 5:52am On Apr 14, 2019
Amazon or Walmart will soon buy jumia

2 Likes

Re: Jumia: 'africa's Amazon' In Landmark Stock Market Listing by vixpal: 5:52am On Apr 14, 2019
Re: Jumia: 'africa's Amazon' In Landmark Stock Market Listing by ofiko123(m): 6:09am On Apr 14, 2019
Nice one.. Kudos to jumia..
Re: Jumia: 'africa's Amazon' In Landmark Stock Market Listing by tizzle(m): 6:22am On Apr 14, 2019
Can I order UK pizza through Jumia? Or it's just British airways that does that?

1 Like

Re: Jumia: 'africa's Amazon' In Landmark Stock Market Listing by dheaven: 6:46am On Apr 14, 2019
The BBC's Africa Business Editor, Larry Madowo, said that Jumia was not yet profitable and had accumulated losses of nearly $1bn since it was founded.
Hmm, It's not easy for Ezekiel oo.
Re: Jumia: 'africa's Amazon' In Landmark Stock Market Listing by TANID(m): 6:51am On Apr 14, 2019
Virus99:
Well Kwarasell.com is coming... And we gonna knock them off the chart soon. cool
When Please ?
Re: Jumia: 'africa's Amazon' In Landmark Stock Market Listing by olioxx(m): 6:59am On Apr 14, 2019
Even Uber and Lyft traded, but although pkapka still yet even upon though, they rarely make profit.
.
Has Jumia made profit?
.
Re: Jumia: 'africa's Amazon' In Landmark Stock Market Listing by LOVEGINO(m): 7:05am On Apr 14, 2019
Nigeria government go still fight dem soon. kiss
Re: Jumia: 'africa's Amazon' In Landmark Stock Market Listing by Denique(f): 7:21am On Apr 14, 2019
gtrader:
Wow... Very impressive. I'm gonna buy some good number of shares from them. Kudos to Jumia

Pls how do I go about it. I'll like to buy also. Thanks!

1 Like

Re: Jumia: 'africa's Amazon' In Landmark Stock Market Listing by Denique(f): 7:22am On Apr 14, 2019
martineverest:
Amazon or Walmart will soon buy jumia

Another angle. Those guys hate competition. If one of them could, they would buy the other.

1 Like

Re: Jumia: 'africa's Amazon' In Landmark Stock Market Listing by Naruto87(m): 7:31am On Apr 14, 2019
Virus99:
Well Kwarasell.com is coming... And we gonna knock them off the chart soon. cool
Please review the name of the website. I'll always encourage naija startup so review your business plans and if possible you should have a professional business analyst help you. Happy weekend

1 Like

Re: Jumia: 'africa's Amazon' In Landmark Stock Market Listing by steve6: 7:40am On Apr 14, 2019
Nice!

1 Like

Re: Jumia: 'africa's Amazon' In Landmark Stock Market Listing by Femich18(m): 7:40am On Apr 14, 2019
Donchuksani:
Please how can I register on jumia as a seller

It is very easy. just go to the Jumia Co-op office along Adeniyi Jones on Tuesday and Thursday 10am. The seminar do hold by that time. There you will be taught everything you need to know on how to be a good vendor on the platform.
If you have an question and if I have got the answer I'll answer you.

1 Like

Re: Jumia: 'africa's Amazon' In Landmark Stock Market Listing by Nobody: 8:04am On Apr 14, 2019
nigeria is a very bad place to invest with all thr type of people we have in this country. we need to change our mindset no trust. everybody want pay ok delivery and @ the end some will still dupe u.


we starting my online store very soon

Xorder.com
Re: Jumia: 'africa's Amazon' In Landmark Stock Market Listing by Nobody: 8:05am On Apr 14, 2019
vixpal:
Visit http://bextmart.com/


goan buy SSL to ur site jare
Re: Jumia: 'africa's Amazon' In Landmark Stock Market Listing by Adeinfo: 8:10am On Apr 14, 2019
Jumia is not really an African Startup, it is a company owned by two French Co-CEOs. Duly incorporated in Germany.
Re: Jumia: 'africa's Amazon' In Landmark Stock Market Listing by ThothHermes: 8:42am On Apr 14, 2019
The NYSE. I will ring that bell.
Re: Jumia: 'africa's Amazon' In Landmark Stock Market Listing by LordAdam16: 8:51am On Apr 14, 2019
HajimeSaito:
"The DHL Africa eShop brings together more than 200 American and British retailers and will deliver directly to homes, something Jumia has struggled with."

Ope o, so I can finally ditch Amazon and AliExpress knowing that there is an international retailer made SPECIFICALLY for the Nigerian market grin grin grin

Not quite. Amazon and AliExpress still have their place.

But the laudable part of DHL Africa eShop is that Mall for Africa is the technical partner making it happen behind the scenes. Always been a fan of that business outfit and another--Circuit Atlantic (later Shippyme). The latter failed to make a mark for several reasons, but it's nice that MfA is finally hitting strides on the global scene.

I think one side to MfA that doesn't get enough exposure is that they also facilitate the reverse. Having Nigerian sellers vend their wares on US/UK sites to access a wealthy market. The pilot program was for eBay. e-Commerce isn't my cup of tea, but I expect some silent movers are taking advantage of that opening.

-Lord

2 Likes

Re: Jumia: 'africa's Amazon' In Landmark Stock Market Listing by HajimeSaito(m): 8:55am On Apr 14, 2019
But isn't Mall for Africa also involved with Jumia?
LordAdam16:


Not quite. Amazon and AliExpress still have their place.

But the laudable part of DHL Africa eShop is that Mall for Africa is the technical partner making it happen behind the scenes. Always been a fan of that business outfit and another--Circuit Atlantic (later Shippyme). The latter failed to make a mark for several reasons, but it's nice that MfA is finally hitting strides on the global scene.

I think one side to MfA that doesn't get enough exposure is that they also facilitate the reverse. Having Nigerian sellers vend their wares on US/UK sites to access a wealthy market. The pilot program was for eBay. e-Commerce isn't my cup of tea, but I expect some silent movers are taking advantage of that opening.

-Lord
Re: Jumia: 'africa's Amazon' In Landmark Stock Market Listing by LordAdam16: 9:06am On Apr 14, 2019
seborrhic:
"Jumia began operations in Nigeria in 2012".
Says a lot about the operating environment then.
I think Konga too was founded around that same period or thereabouts,but at least pre 2015.
ShopRite stores too with JustRight.
Infact pre 2015 was when big supermarkets made a re entry into Nigeria with massive expansions round the country.
These and many other such companies brought a lot of foreign exchange and jobs most especially.
I maybe mistaken,but I can't recall ShopRite opening any new outlet since 2015 or 2016 when a certain leader started discouraging investments through his hogwash,but most times non existent economic policies.
I also wish Konga well and would welcome other major players entering the online retail business.
Jobs,direct and indirect are aplenty in that field.
The next big area either banks,other financial outfits or big time retailers should delve into and indeed conquer, particularly financial institutions,is the credit market industry.
There is a lot of money to be made in this field, especially with BVN now in play, because it would drive up the consuming perchant of Nigerians,knowing they can pay for their needs in instalments,freeing up cash for other more immediate concerns.

The BVN for the credit industry is a smart idea. But Nigeria is not yet ready to support a credit industry. Anyone who goes in now will face untold hurdles and should simply open a line to a pharmaceutical to replenish drugs daily for insomnia.

I'm not saying it can't be done, I'm just saying for most capital investors, there are other avenues with far less baggage.

Credit mainly works in the West because it's a way to expand the economy. Debt creates money. In Nigeria, beyond FG workers. workers for international non profits, and private sector workers of select coys in Oil & Gas, Finance, and Construction; the rest of the population is a nightmare for credit initiatives. The target market is too small.

Which is made worse by the double digit inflation and double digit MPR. Go check out what RenMoney and the dozen plus micro financial lending institutions charge in interests and their term conditions. Hell will freeze over before casual credit catches on with rates in the same bracket.

Nigeria needs to get the fundamental right; infrastructure, strong institutions, respect for rule of law. All other things will be added in due time.

-Lord

1 Like

Re: Jumia: 'africa's Amazon' In Landmark Stock Market Listing by LordAdam16: 9:09am On Apr 14, 2019
HajimeSaito:
But isn't Mall for Africa also involved with Jumia?

I think they're competing with Jumia launching Jumia Global to take on Mall for Africa's core business model.

But don't take my word for it. I don't follow our local tech scene as much as I used to.

-Lord

1 Like

Re: Jumia: 'africa's Amazon' In Landmark Stock Market Listing by Naijageak(m): 9:15am On Apr 14, 2019
Hello
Re: Jumia: 'africa's Amazon' In Landmark Stock Market Listing by HajimeSaito(m): 9:16am On Apr 14, 2019
Thanks for dropping the knowledge.

LordAdam16:


I think they're competing with Jumia launching Jumia Global to take on Mall for Africa's core business model.

But don't take my word for it. I don't follow our local tech scene as much as I used to.

-Lord
Re: Jumia: 'africa's Amazon' In Landmark Stock Market Listing by Bbbwings: 9:53am On Apr 14, 2019
I noticed that items on konga are cheaper.
Re: Jumia: 'africa's Amazon' In Landmark Stock Market Listing by Virus99: 9:56am On Apr 14, 2019
Naruto87:

Please review the name of the website. I'll always encourage naija startup so review your business plans and if possible you should have a professional business analyst help you. Happy weekend

Yeah we hear this a lot sir.
But we just want a unique a name. Something that shows where it is coming from. Something black people all over can easily identified with.

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