By Edwin Madu
“Were you expecting it to be this difficult?”
This is how Tomiwa Aladekomo, CEO of Big Cabal Media, begins his fireside chat with Jonathan Klein at the Future Africa event titled “A 10-year view of Entrepreneurship in Africa.”
Klein is the former CEO of Getty Images and the Chairman, Jumia Advisory Board. In the session moderated by Aladekomo, Klein gave us insight into lessons learned and paths taken in the making of the Jumia we all know and, sometimes love, today.
In response to the question asked earlier, Klein admitted that he expected it to be this difficult. He wouldn’t have said the same for the board he put together at the beginning but in his own words, “they have been educated.”
Running a business anywhere is hard-work. Running a business in multiple countries in Africa simultaneously is incredibly challenging. Klein does offer the cushioning thought that the opportunity for growth in Africa is “so large that we need to keep at it notwithstanding the doubters.”
Jumia filed for an IPO in 2019 and began trading on the NYSE; the first African tech startup to do so. Following accusations of fraud, the company suffered an 80% drop in share prices – from a post-IPO high Click here to read entire article
Source:: Tech Cabal