Jumia, an African internet group has been named among the Massachusetts Institute of Technology (MIT) Top 50 Smartest Companies of 2017. Jumia Group, has for the second consecutive year been named in the list of MIT’s 50 smartest companies – 2017.
This year, Jumia ranks at position 44 as compared to 47 on the 2016 list, standing out as a company working to overcome the challenges of e-commerce in Africa.
The MIT Technology Review recognized Jumia as the continent’s first “unicorn” startup, valued at over $1bn. Now operating various consumer web services including Africa’s biggest online shopping mall, ‘Jumia Mall’, as well as ‘Jumia Travel’, the leading travel agency in the continent, the group aims at unlocking the spending potential of an expanding middle class which accounts for every one out of three Africans.
Sacha Poignonnec, Jumia Group’s co-founder says “Jumia Group is once more proud for the recognition of our persistence in fully harnessing Africa’s untapped digital potential. We believe that through technological innovations, we drive our commitment to inject feasible solutions into Africa’s economy”.
Information sourced from www.bizcommunity.co.ke