Biography Of Jeremy Hodara (Age , Wife , Net Worth) - Jumia Technologies has agreed to collaborate with Chinese smartphone manufacturer Realme to provide cutting-edge smartphones to Sub-Saharan Africa.
The announcement comes as Jumia works to expand smartphone usage in the area.
Jumia Technologies is a pan-African e-commerce company founded by Jeremy Hodara, a French businessman.
According to Jumia Vice President for Consumer Electronics Sandeel Narayanan, the agreement would provide Jumia customers access to best-in-class, cheap smartphones.
Jeremy Hodara
“Both of our companies share similar principles, and we look forward to collaborating to give Jumia’s consumers with access to best-in-class, cheap smartphones through Jumia’s frictionless buying experience,” Narayanan said.
Realme, one of the world’s fastest growing smartphone companies, will launch an official Jumia store.
This would assist the Chinese smartphone manufacturer in connecting with internet consumers in African markets, beginning with Nigeria, followed by Kenya, Ghana, and Cote d’Ivoire.
Realme General Manager for the Middle East and Africa Jack Zhang commented on the agreement, saying it underscores the brand’s dedication to technological decentralization and e-commerce adoption in Africa.
“This agreement shows our continuous commitment to technological decentralization by making technology that was previously only available in flagship models available to a broader range of users,” he added.
“We believe that the younger generation in Africa will find our goods to be the ideal blend of performance and cutting-edge design,” Zhang added.
Jeremy Hodara’s net worth is valued at $2 Billion.
Jumia is Africa’s top e-commerce website, founded in 2012 by Hodara and Sacha Poignonnecis.
Jumia is a broad-based marketplace that is backed by its own shipping company, Jumia Logistics, and its digital payment and financial platform, JumiaPay.
In the first quarter of 2022, the pan-African technology corporation grew its first-party business. It is expanding its FMCG portfolio, notably in the grocery sub-category.
Jumia’s sales increased 44 percent year on year to $47.6 million in the first quarter of 2022.
The rapid expansion was driven mostly by first-party revenue, which increased by 152%.
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