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Jumia Eyes Pumping EGP20mn Investments in Egypt this Year
Wael Al Toukhy Published in Amwal Al Ghad on 04 - 03 - 2015

Jumia Electronic Trading Company is planning to pump investments ranging between EGP18 million to EGP20 million in Egyptian market this year.
CEO at Rocket Internet GmbH (Jumia Egypt - Venture) Hesham Safwat said this comes among Jumia's investments in Africa that worth US$80 million, stressing that the proportion of E-trading in Egypt reaches around 5 to 6% growth rate.
Jumia's market share is ranging between 38 to 40% in local market, Safwat added.
Moreover, Safwat pointed out that Jumia is intending to open logistic branches in Sharm el-Sheikh, Hurghada , Mansoura, Asyut, Alexandria and Masr el-Gedida.

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