Is JMIA stock still the Amazon of Africa? Today we discuss Jumia's new UPS partnership contract to expand operations and logistics services in Africa.
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It's gonna take a lot
To drive me awayyy
From youuu...
Jumia is probably the most speculative investment out of the bunch. The pandemic has hit the company much harder than its e-commerce counterparts in North America. It has problems scaling its business and is burning through a lot of cash. But that's the cost of penetrating an untapped e-commerce market like Africa. The e-commerce market in Africa is predicted to grow to $84 billion by 2030. Jumia will grow alongside the African economy as more and more internet users are added. It will be at the epicentre of the boom in 5G of Africa in the upcoming decade. That's a revolution I want to be a part of. At this valuation, the upside, in my humble opinion, could be tremendous.
This could potentially be the inflection point we've been waiting for... putting the company on the path to exponential growth and dominance over Africa. I don't think the dream is dead. It's definitely a possibility. However, it will probably take much longer to get there than many people thought, including myself. We're still VERY early to the game, which means that the risk is high. However, the payout - if proven right - could be astronomical. That's a risk to reward I'm willing to take. And a decision that you have to make on your own. #JMIA #JUMIA #WSB
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