INVEST IN CAMEROON, HUB OF CEMAC REGION OF AFRICA, Secure, Peaceful and stable Economy, ALL INCLUSIVE GROWTH & Gradually Emerging Democracy in Sub-Sahara Africa.... The Pan-African e-commerce site Jumia up € 120 million and a need for more E-Commerce site from Asian countries partnering in Joint Venture with African E-commerce Enterprises and concern Government Ministry. The Pan-African e-commerce site Jumia announced on 25 November, having raised 120 million euros, of which 108.3 million from its parent Africa Internet Group (AIG). The latter is a joint venture between the German start-up incubator Rocket Internet, the South African group MTN telecoms, and the Latin American conglomerate Millicom. The remaining 11.7 million were removed from the holding company BGN Brilliant Services GmbH. The company that publishes Jumia had already raised € 19 million in March 2013 from Summit Partners and 26 million in June 2013 with the telecommunications company Millicom. Jumia is now valued € 445 million. The online sales site is present in Great Britain and in nine African markets: Ghana, Ivory Coast, Cameroon, Kenya, Morocco, Egypt, Nigeria, Uganda and Tanzania. The site offers products ranging from ready-to-wear, computers, telephony, automobile parts, household appliances, games, etc. Jumia employs approximately 1,500 people in 10 countries and posted a negative EBITDA of EUR -26.3 million in the first half of 2014. But his outlook is very promising in the medium and long term. McKinsey provides for an explosion of online business in Africa. According to a McKinsey study, 16% of the sub-Saharan African population has access to the Internet, or 167 million people. This figure is expected to grow rapidly thanks to connections via smartphones. JUMIA is an African online shopping site where people can purchase and browse through a wide range of electronics, fashion, home appliances, kid’s items and more. The business was founded in 2012 by Co-founders and CEOs, Jeremy Hodara and Sacha Poignonnec, with funding from Rocket Internet, and has offices in Nigeria and Egypt. In 2012, Jeremy Hodara and Sacha Poignonnec founded and launched JUMIA, an e-commerce startup with an aim to mimic Amazon’s success by delivering a wide range of items, from toys to generators across Africa. For Cameroon Development & Investment Council (Division of CAMDA ASIA) CAMDIC Secretariat Jakarta, Indonesia Email: Host: iata.indo@yahoo / CAMDA Head Office Asia: [email protected] (CVAC INDIA: [email protected] & Office Tel: +91) 4023326233 and More Info visit Embassy of Cameroon in Riyadh, Saudi Kingdom: ambacamsaudi.org/)
Posted on: Mon, 01 Dec 2014 19:43:28 +0000
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