After some setbacks in sub-Saharan Africa, the Sino-owned super app changes its strategy
The purpose of blitzscaling is to secure enduring market leadership in a valuable industry which allows you decades of profitable operations. Simply growing fast is a means, not an ends. (Chris Yeh, Co-Author of Blitzscaling)
Fantastic Read, love the update to the draft.
An example that moving fast and throwing money at it doesn’t always work in Africa is Jumia and Konga.
Fast execution is important in this market, but so is patience and sustainability.
I have no doubt they will figure it out.
After all Jumia is making a comeback via Payments.
If Opay is shutting down it’s other units to focus on payments,
And Jumia is saying it’s fastest growing unit is payments.
Does it mean the only vertical mature enough for scale in Africa is fintech ?
🤔
The purpose of blitzscaling is to secure enduring market leadership in a valuable industry which allows you decades of profitable operations. Simply growing fast is a means, not an ends. (Chris Yeh, Co-Author of Blitzscaling)
Fantastic Read, love the update to the draft.
An example that moving fast and throwing money at it doesn’t always work in Africa is Jumia and Konga.
Fast execution is important in this market, but so is patience and sustainability.
I have no doubt they will figure it out.
After all Jumia is making a comeback via Payments.
If Opay is shutting down it’s other units to focus on payments,
And Jumia is saying it’s fastest growing unit is payments.
Does it mean the only vertical mature enough for scale in Africa is fintech ?
🤔