Jumia Lists On New York Stock Exchange

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E-commerce company, Jumia, has become the first African digital space enterprise to list on the New York Stock Exchange (NYSE). The feat was chalked up by the Pan African e-commerce platform over the weekend, indicating, it will help to fly Africa’s flag higher in New York.

According to the company, listing on the NYSE, “is an important day, yet our mission and our values do not change by a bit.” The company has also said, it is “leveraging technology to help consumers better access goods and services – saving time and money, help sellers better build their business and drive sustainable impact in Africa through our team and partners.”

The listing sparked off celebrations in all of the e-commerce platform’s offices across Africa as employees rang the bell simultaneously as it was done in New York.

Co-founders for Jumia, Sacha Poignonnec and Jeremy Hodara, said: “This achievement has been made possible by the hard work of our teams, the trust of our consumers, as well as the commitment of our sellers and partners.”

Sacha Poignonnec tweeted after the company had been listed on the NYSE, saying, “Many many many great things are happening in Africa and the world should know, instead of always focusing on the more negative stuff.”

The company has since congratulated all its stakeholders, saying, they “deserve credit for this milestone, and we are just at the beginning of a long and great journey. We are going to continue to focus on our mission and to work even harder to help consumers, sellers, partners and all stakeholders benefit from this technological revolution.”

The company has also said, “With this milestone, we are together sending a very powerful message to the world and this contributes to put more lights on the great things which are happening in Africa and in Ghana more specifically.:

Jumia is currently active in 14 African countries with more than 81,000 active sellers transacting online businesses with millions of consumers. The e-commerce platform says it directly employs more than 5,000 team members in Africa.

On his part, the country manager for Jumia Ghana, Ore Odusanya, added, “For us in Ghana, this represents a significant milestone in our journey and presents a good opportunity for us to expand our operations with a view to offering our clients and customers the best services in our area of operations.”

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