[Transcript] #2: Jumia - From Rocket Internet to Unicorn IPO. What’s next for the ‘Amazon of Africa’?
Recorded on May 3, 2020
Hello unstoppable Afrobility readers,
As I mentioned previously, we will start to release transcripts of all Afrobility episodes to paid Substack members and below is the third one from our Jumia episode episode recorded on 2020-05-03
2023-06-19 thoughts: 😊 This was one of our first popular episodes and was the most downloaded Afrobility episode for a long time before it was overtaken by Kuda Bank. A great and fun story about a company that has been to heaven and hell.
Olumide Ogunsanwo
Personal: Website
Afrobility Podcast: Stories and analyses of African technology companies (Website, Listen: Apple podcasts, Spotify & Google podcasts & Read: Substack Newsletter)
Adamantium Fund: African B2B fund focused on education, health, finance, food and transportation (Website & memo)
Firedom Book: Financial Independence stories of African Immigrants (Website, Substack Newsletter & Buy: Print, eBook or Audiobook)
Transcript starts here
[00:00:00] Olumide Ogunsanwo: Welcome to Afrobility, a conversation about African business and technology. Today we're going to talk about Jumia, the largest e-commerce player in Africa. We'll discuss its founding seminal points in its history, eventual 2019 IPO, and end with our views on its future prospects. This episode is recorded on May 3rd, 2020.
Why are we even talking about Jumia? I think our last episode. It came up when we were talking about FinTech investments, right?
[00:00:30] Bankole Makanju: Yeah. I think Jumia is an example poster child for