Mar. 18 at 7:51 PM
$JMIA African e-commerce grows faster than anywhere else in the world by 2030. Jumia is worth like
$800M right now. MELI
$80B. By 2030 total ecom revenue in Af. is
$110B vs
$270B in SAmerica. Discount doesn’t make sense, especially given Jumia’s strong trajectory and mgmt team (they do need to focus on growth soon…).
Stock might go up or down in short term but long term this only goes in one direction. I also don’t care about the AI argument—totally irrelevant in this context.
