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Jumia Technologies, a leading announced that it will close its food delivery business, Jumia Food in Nigeria, Kenya, Uganda, Morocco, Tunisia, Algeria and Ivory Coast because it is not profitable. In this insightful article written in 2019, Dr Ola Brown Orekunrin, a Nigerian venture capitalist, explained why tech firms like Jumia struggle to make it in countries like Nigeria or Uganda but succeed in countries like India or US states like Carlifornia. Size mattersThe technology ecosystem in Nigeria [and other African countries like Uganda] has failed so far to deliver the number of multi-million dollar exits that we have seen in…
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Jumia Technologies, a pan-African e-commerce platform, has announced plans to close its food delivery business, Jumia Food. In a statement, the company said that it “will continue to operate its core physical goods business and its JumiaPay business in all of its countries of operation”. Jumia currently operates its food delivery business in Nigeria, Kenya, Uganda, Morocco, Tunisia, Algeria and Ivory Coast. The company said that a number of affected employees “will transition to the continuing physical goods business in these countries”. “Following a strategic review of Jumia Food, the Company determined that its food delivery business is not suitable…
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For starters, who is Ron Kawamara? Where does your story start? Ron is a husband and a father to a 4-year-old daughter. I was born in Fort Portal to a family of nine children. I attended Buhinga Primary School in Fort Portal and later Ntare School for my O’Level. After my S.4 exams, I moved to Los Angeles, California where I completed college at Los Angeles Valley College as valedictorian. I enrolled at the University of California, Berkeley, graduating with a bachelor’s degree in Political Science and Development Economics, and went on to earn a Master of Science in African…
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