Jumia Selects Egypt for new Technology Center

February 7, 2021
Share this Post: 

Jumia has chosen Egypt as its headquarters for a new technology hub. The company selected Egypt because of the country’s leaps and bounds in the field of information and communication technologies. The hub will offer services for not only the Egyptian market but the continent as a whole. 

Hesham Safwat, CEO of Jumia Egypt, said:

“From the first day of laying the foundation of the technology center, Jumia has established Egypt as a center for launching and entrepreneurship in the electronic payment and digital technology fields in Africa.”

The technology center is a key part of Jumia’s Vision 2030 and Egypt is the perfect place to begin its path down the road to innovating the African sector as the country has been at the forefront of technological advancement.

The hub will also provide not only a space for innovation but job opportunities for youth through freelance digital jobs. 

Safwat explained:

“...Expertise will be shared among the rest of the surrounding countries, in addition to electronic payment methods that customers can use easily, conveniently, and safely, as Jumia works side by side with the vision and direction of the Egyptian state that maximize the importance of digital transformation and financial inclusion.”

Part of that plan is JumiaPay, which will be at the center of the hub as the company works on establishing new ways to provide digital payment services.

Read more

February 7, 2021
Victoria has been writing about property portals and marketplace sites for Online Marketplaces for over 3 years. She is also our resident artist and is responsible for all of the infographic content on the site.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Nils K
Ringier's Nils Körber on ArtificiaI Intelligence, Training the Machine, and Talking about Problems

"What would you do with one million interns?" The award for the best question at the PropTech and Portal Watch...

Read More
Untitled Design 13
As OnTheMarket Hits 15,000 Advertisers, Zoopla Fights Back with Big Agency Deal

The British property portal Zoopla has announced a new long-term listings deal with Dexters, one of London's top agencies with...

Read More
Untitled Design 12
LeBonCoin Suffers Data Leak and Boliga Comes Under Cyber Attack on Same Weekend

LeBonCoin, the leading French horizontal marketplace owned by Adevinta, has acknowledged that some of its users' personal information was exposed...

Read More
Number 2S Challenging Hero Image 2
Analysis: Can Zoopla, Realtor.com and Domain See Off Challengers and Close the Gap to Market Leaders?

Well-funded challenger portals have been generating a lot of headlines in the industry recently. CoStar has been explicit about its...

Read More

Editor's Pick