Most Innovative Companies


Africa is quickly becoming home to one of the fastest growing markets in the world. With more disposable income and Internet access, Africans have proved eager to buy online, where they can find everything from foreign clothing to foreign cell phones and devices. Currently, Lagos, Nigeria--based e-tailer Jumia is at the forefront of Africa's e-commerce movement. The company has warehouses in 10 countries, including Nigeria, Kenya, Egypt, Tanzania, and the Ivory Coast, and offers thousands of items to a public eager to buy quality goods. Though the company has yet to turn a profit, it did earn $28 million in revenue in 2014 and has raised $211 million in funding at a valuation of $55 million. For 2016, Jumia Nigeria co-CEOs Jeremy Doutte and Nicolas Martin will take over the company's global operations, handing the headquarter's reins to Juliet Anammah, a director at management consulting firm Accenture in an apparent effort to grow Jumia's footprint in Africa.
2016: Africa
public or private: Private
profitable: $211 million in total funding (as of 2015)
staff: 1,800
users: Available across 11 countries
Competition: Konga