Jun. 3 at 7:42 PM
$JMIA volume... last time we had near 3m volume and sustained if for few days, this hit
$8.71. * so far 2.7M shares traded....
Africa has some 1.5B people! Only 30% of Africa ( excluding SA ) has access to the internet. With Starlink and other mobile carriers building out 4/5g at rapid pace, there's a huge growth possibility. This is why when Yas went to raise 600m, it was 3x oversubscribed. Yas was rumored to buy Jumia in 2025. Perhaps, that's off the table now but the CEO of Yas is a board member of JMIA and are working together to build out logistical infrastructure for ecommerce. I think they'll merge eventually.
