Jumia Group Bags Consecutive MIT Smartest Company Recognition

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Jumia Group, formerly Africa Internet Group, has been named one of the 50 Smartest Companies in the world by the Massachusetts Institute of Technology (MIT) for the second year in a row.

MIT annually identifies and lists 50 companies that are ‘smart’ in the way they create new opportunities through innovative technology and effective business models. The list was first published in 2010.

Jumia Group is ranked 44th for successfully overcoming e-commerce challenges on the continent including among others clogged roadways, skeptical consumers, and lack of internet penetration in some markets with a regional rate of only 27 percent.

The company was the 47th Smartest Company globally in the 2016 MIT Review, for being Africa’s first technology company to be valued at more than $1 billion.

Commenting on the honour, Jumia Group’s co-founder Sacha Poignonnec said, “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”.

The Group aims at unlocking the spending potential of an expanding middle class which accounts for everyone out of three Africans.

Jumia Group operates various consumer web services including Jumia Travel, the leading online travel agency in Africa.

“This is an assurance of our devotion to make the impossibilities in Africa, such as providing affordable travel now possible through technology,” Estelle Verdier, the Chief Operating Officer and co-founder of Jumia Travel said.

Jumia Group Bags Consecutive MIT Smartest Company Recognition

Jumia Group, formerly Africa Internet Group, has been named one of the 50 Smartest Companies in the world by the Massachusetts Institute of Technology (MIT) for the second year in a row.

MIT annually identifies and lists 50 companies that are ‘smart’ in the way they create new opportunities through innovative technology and effective business models. The list was first published in 2010.

Jumia Group is ranked 44th for successfully overcoming e-commerce challenges on the continent including among others clogged roadways, skeptical consumers, and lack of internet penetration in some markets with a regional rate of only 27 percent.

The company was the 47th Smartest Company globally in the 2016 MIT Review, for being Africa’s first technology company to be valued at more than $1 billion.

Commenting on the honour, Jumia Group’s co-founder Sacha Poignonnec said, “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”.

The Group aims at unlocking the spending potential of an expanding middle class which accounts for everyone out of three Africans.

Jumia Group operates various consumer web services including Jumia Travel, the leading online travel agency in Africa.

“This is an assurance of our devotion to make the impossibilities in Africa, such as providing affordable travel now possible through technology,” Estelle Verdier, the Chief Operating Officer and co-founder of Jumia Travel said.

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