Jumia has kick-started a plan to sell shares in New York as the fast-growing Nigerian firm seeks to take advantage of rising Internet access and increasing smartphone use on the continent.
In the podcast this week, Duncan McLeod and Regardt van der Berg discuss Stella Ndabeni-Abrahams altercation with an SABC news crew at the weekend, and her subsequent apology.
African online retailer Jumia is planning an initial public offering in New York this year that could value the business at about $1.5-billion, according to people familiar with the matter.
Traditional retailers and online stores are gearing up for Black Friday, which is likely to give the South African retail sector a pre-Christmas boost. Black Friday originated in the US and is the Friday after the American Thanksgiving when retailers sell their merchandise
Early e-commerce market entrant in Nigeria, Naspers’s Kalahari.com, came and went, with many suggesting it was inevitable given that the number of online customers was tiny. But Rocket Internet start-up Jumia and Konga, backed by Sweden’s Kinevik and Naspers, are now estimated by those