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passiveinvestor		#11 Posted : Saturday, December 14, 2019 10:33:53 AM
Rank: Member Joined: 12/8/2006 Posts: 104		See their latest Exchange filing: Note 6. Pg. 9 is of interest. https://secfilings.nasda...mType=6-K&View=html
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alma1		#12 Posted : Saturday, December 14, 2019 10:56:54 AM
Rank: Elder Joined: 9/19/2015 Posts: 2,871 Location: hapo		Jumia may single handedly affect the future of tech in Africa. If I was in gov't this company would not be allowed to exist. It's simply a ponzi scheme. Gov'ts should be made aware of the types of characters coming to Kenya with their so called Digital commerce ideas. Jumia is one. We now have another bunch of thieves called mobile lenders with African names yet fully owned by mkolonis. Who have no qualms whatsoever charging over 100% interest to Kenyans. They then band together with credit bureaus that they created to effectively kill the African with debt. There should be a department in gov't dealing with ethics in the digital space. Not this KRA nonsense of taxing facebook and whatasaap use. But dealing with the real criminals in our midst. This company was useless before and it's useless now and shall forever be useless. Thieves are not good people. Tumeelewana?
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VituVingiSana		#13 Posted : Saturday, December 14, 2019 11:48:43 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi		alma1 wrote: Jumia may single handedly affect the future of tech in Africa. If I was in gov't this company would not be allowed to exist. It's simply a ponzi scheme. Gov'ts should be made aware of the types of characters coming to Kenya with their so called Digital commerce ideas. Jumia is one. We now have another bunch of thieves called mobile lenders with African names yet fully owned by mkolonis. Who have no qualms whatsoever charging over 100% interest to Kenyans. They then band together with credit bureaus that they created to effectively kill the African with debt. There should be a department in gov't dealing with ethics in the digital space. Not this KRA nonsense of taxing facebook and whatasaap use. But dealing with the real criminals in our midst. This company was useless before and it's useless now and shall forever be useless. Kwani Jumia ate your money? 1) Jumia may fail but e-commerce is coming to Africa. 2) Amazon was one of many startups during the Dotcom boom. Many died along the way. 3) It is silly to ban ideas. Some may fail. It's not news. Scams set up as scams is a different story. 4) Digital lending. No-one forces you to borrow. The largest lenders are KCB and CBA via Safaricom. Who owns the 2 banks? And who owns 35% of Safcom? 4) Ethics and GoK? I am not commenting on Jumia's financials. I do not know nor care about them. I am a fan of e-commerce. Greedy when others are fearful. Very fearful when others are greedy* - *to paraphrase Warren Buffett*
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