Jumia, the pan African online retailer and E-commerce operating in 14 countries with 1.2 Billion consumers and 15 millions SMEs to serve across Africa, maybe put up for sale.
82% coverage of African internet users and over 550 millions visits per year across Africa.
The company’s owner, Rocket Internet, is reportedly seeking an IPO for the business with a listing of shares to the value of €200m ($246m).
At the invitation of Xi Jinping, general secretary of the Central Committee of the Communist Party of China (CPC) and Chinese president, Kim Jong Un, chairman of the Workers’ Party of Korea (WPK) and chairman of the State Affairs Commission of the Democratic People’s Republic of Korea (DPRK), paid an unofficial visit to China from Sunday to Wednesday.
During the visit, Xi held talks with Kim at the Great Hall of the People in Beijing. Xi and his wife Peng Liyuan held a welcoming banquet for Kim and his wife Ri Sol Ju and watched an art performance together.
Kim also visited an exhibition showcasing the innovation achievements of the Chinese Academy of Sciences since the 18th CPC National Congress. Kim showed his admiration for China’s accomplishments in the development and innovation of science and technology, and wrote an inscription to mark the visit.