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Concerns Continue to Pile Up for Jumia Stock, Once Dubbed the 'Amazon of Africa'

Concerns Continue to Pile Up for Jumia Stock, Once Dubbed the 'Amazon of Africa'

One of these hyped-up new-age stocks was Jumia (NYSE: JMIA). Dubbed the "Amazon of Africa," shares of the stock rose over 1,000% during the market bubble period in early 2021. Jumia's strategy to win the e-commerce market in Africa was aggressive, to say the least.