Billions to Losses: The Unsettling Truth About Jumia

[@thaddnarrative]

The story of Jumia is quite inspiring. However it shows the complexities of doing business with questionable practices, operational inefficiencies and more importantly in a continent as volatile and diverse as Africa. Feel free to support my work: selar.co/showlove/thaddeus OR send a DM to me via my social media handles

[@xboxgamerz5143]

Love what u do. But too many ads in ur vids

[@Chukspierre]

Pls never stop...... you're a gem we entrepreneurs need these commentaries... would love to see your face in videos and I appreciate the quirks in your script WELL DONE!!!!

[@thaddnarrative]

We just getting started my bro 🔥 Thank you for the kind words Chuks 🙏

[@maxipalmer]

You are right. Every person entering a business needs to watch these videos. It's not easy out there.

[@ATheo66]

This documentary is a must watch for business owners and entrepreneurs. Well-done Thadd 👏👏

[@thaddnarrative]

Thank you so much, I really do appreciate the kind words 🙏

[@olumeseik]

Nigerian Magnates media 😍😍

[@thaddnarrative]

😅🙏

[@AminuSaminuK]

First viewer 🎉 first comment 🎉 first like🎉

[@thaddnarrative]

Thank you Aminu 😅🙏

[@PreciousLateef-gr7lz]

Yayy! Another inspiring and educative video💃🎉

[@thaddnarrative]

Thank you precious 🙏

[@truecrimestories7886]

I love your work. THANK YOU

[@thaddnarrative]

Thank you so much 🙏

[@AmenProletar]

Underrated channel.. Amazing quality! Thanks for uploading this documentary about Jumia.

[@thaddnarrative]

I appreciate the kind words Amen 🙏

[@ThaddT]

As usual, creative and informative video. Thank you Thadd!

[@thaddnarrative]

Thank you chief, I do appreciate 🙏

[@maxipalmer]

As usual, getting better. I'll use this one to step down the weekend.

[@thaddnarrative]

Thank you bro 🙏

[@akinolaomobolanle9672]

Creative and Informative video as usual Welldone 👌

[@thaddnarrative]

@@akinolaomobolanle9672 Thank you Bolanle 🙏

[@toluwaniasunmo494]

Good stuff🔥🔥

[@thaddnarrative]

@@toluwaniasunmo494 Thank you Toluwanimi 🙏

[@mcdaniells]

You inspire me, well done! And thank you

[@thaddnarrative]

I appreciate the kind words Daniel 🙏

[@Healthyoverfifty]

Nice one ❤

[@thaddnarrative]

Thank you 🙏

[@seige8621]

One of their downfall is the slow delivery time. I ordered something from aliexpress from china. It came in less than 3 weeks, but Jumia can take up to 3 weeks. The same country delivery takes so long

[@thaddnarrative]

Exactly! Operational Inefficiency was a major factor to their gradual decline

[@JohnOdunayo]

hmm, really? i've had really good delivery since i've been using it. Not just in Lagos too. I was in Kwara and always got my packages a day before they indicated it would come. I've been satisfied so far

[@seige8621]

@JohnOdunayo I've been using them for 6 years. The delivery now takes time. I rather buy things on aliexpress than buy on jumia except it's very cheap which more than often it isn't

[@romanmusyoki5314]

Here in Kenya AliExpress is a not good at all,but jumua is well footed with many agends...

[@pilsbaba]

This is so insightful

[@thaddnarrative]

Thank you, I do appreciate 🙏

[@_tideaina]

Can you do a video on Gokada? I think it would be interesting to see how they rebranded from a ride hailing company to a logistics one. Nice video btw. I think there's a potential for a part 2 that focuses on where the company is now

[@thaddnarrative]

@@_tideaina In the works trust me 💯✍️

[@jmkdiditmyway3116]

The problem with jumia was that it was dumping Chinese goods into Africa key market Nigeria then the Chinese moved into Africa cutting the middle man jumia out of the market. Also Pretend to African lies all they cared about was profit.

[@thaddnarrative]

Yeaa…. Questionable Practices

[@En-Mart-Arena]

Great Documentary

[@thaddnarrative]

Thank you so much 🙏 There are greater documentaries on they way 💯

[@CharlesChukwu-bg7hw]

Boss thadd Cooked as usual,nice sound effects and transitions 🎉

[@thaddnarrative]

Thank you Charles

[@Growthmomentum108]

Very good video😊

[@thaddnarrative]

Thank you 🙏

[@kwesiamoah5767]

Top video

[@thaddnarrative]

@@kwesiamoah5767 Thank you Kwesi

[@trailblazetech]

Nice work ❤

[@thaddnarrative]

Thank you Trailblaze 🙏 There are more on the way 🔥

[@Timi_timero]

Nice one Thad.

[@thaddnarrative]

Thank you bro 🙏

[@chibuezedaniel8463]

I just got a delivery from Jumia today and this night KZbin is recommending your video

[@thaddnarrative]

Wow 😅

[@mrnatha]

Your phone is listening

[@INFINITYMEDIAKE]

amazing content.

[@thaddnarrative]

Thank you so much Infinity media 🙏

[@jessequartey]

You just a subscriber. this is great work.

[@thaddnarrative]

Welcome on board Jesse 🤝

[@briannwokeocha9759]

Abeg we want to see every single one of those projects, make we learn from people close to home too, no be everytime person go day watch about henry ford

[@thaddnarrative]

@@briannwokeocha9759 No problem my bro, i got y’all 💯

[@ily.SUMMER]

These videos are nice, a little tip is to sound more enthusiastic. You sound very sleepy here and the music is a little distracting. But besides that, amazing video

[@thaddnarrative]

🙏🙏

[@osemenitua7538]

Hey just stumbled upon your video, its very well put together, it'll be nice if you make a video on how you make your vudeos, like how you do research, gow you edit and where and how you get your video clips . Thanks

[@thaddnarrative]

Hello Osemen, Thank you for the kind words, i really do appreciate 🙏 My webinar is coming up sometime in 2025, and i will be sharing a whole lot with those who will join

[@ahizechris7771]

What then would be your advice to startups in a nutshell?

[@thaddnarrative]

Good question Chris. Startups should: * Prioritize hiring/employing solid hands who will run with the vision and mission of the startup. * Startups shouldn’t be in a haste to expand when they aren’t ready to. * Startups should prioritize quality operations within their organization and also with customers. *Startups should be smart with the kind of investors and partners they bring on board. *Startups should know when they need to carry out A&M (Acquiring and Merging). To mention but a few.

[@UchechukwuUbani-c6g]

I'm still making n receiving orders from Jumia even up till this very moment

[@koomei2]

That is cool! How has it been going? Which country are you in?

[@realcryptochief]

Good video. I watched till the end. However is this news a current news. Because i heard most times in your video you said 2019

[@thaddnarrative]

Thank you 🙏 Just as the title of the video implies “Billions to Losses” the documentary is heavily focused on when Jumia’s losses and inefficiencies came to public notice (2018-2020)

[@realcryptochief]

@thaddnarrative but what is the state of the company in 2024 I think for Balance a view of the past and the present is necessary Great video.. I subscribed to support

[@shattaadiwale]

In Ghana Jumia is still perfect

[@thaddnarrative]

Yea ✅ Hopefully it stays active and perfect

[@koomei2]

That is nice. Do you use it very often? Is it getting more popular in Ghana?

[@CodenameTHE_fourth]

Bro , your video is lit . What do you use to edit . Adobe?? . Am also an editor you can hit me up if you need help editing your videos or voice over

[@thaddnarrative]

Thank you I appreciate the kind words 🙏 Yea Adobe PR/AE

[@NjonjoNdehi]

$2,149,320,000 of accumulated losses as at Sep-30-2024 according to filings with the SEC.

[@waleidris-giwa3298]

Got a Nokia Phone from there (way back), and it turns out to be a refurbished phone. Ever since, I've not bought sh*t from them ever again. Can't remember the year, but imagine when i say It's a Nokia Phone. 😂😂 Just imagine losing a customer since more than 10 years ago. The same must have happened to others.

[@thaddnarrative]

Sorry you had to experience that bro 😅

[@UfedDavid]

Do you offer vid edit service?

[@thaddnarrative]

@UfedDavid Yea bro I have a team. Kindly send a message to @thaddproduction on Instagram, an admin will respond to you promptly

[@phymzy]

Do you need a video editor?

[@UfedDavid]

@phymzy yep

[@perezgfacts2396]

This is what happens when you invest in Africa. Nigeria especially and it's inflation rates caused by governments that dont have love for it's people. Its sad.

[@thaddnarrative]

The inflation and volatility rate is scary for real

[@TumwineProsper]

JUMIA MIGHT NEED TO ADOPT AN M&A STRATEGY TO KEEP IN THE GAME.

[@thaddnarrative]

They are lowkey doing Merging and Acquiring. For example Travelstart acquired Jumia travels lowkey

[@sodadi8014]

French company in Africa

[@emekaani8873]

Nice one Thad, please keep it coming 🎉

[@thaddnarrative]

Thank you brother, there are more on the way 🔥💯

[@alexmachined]

Make a video about Ibeto Cement.

[@thaddnarrative]

No problem ✍️

[@danielosawaru9045]

So first they refused to innovative, then they just tried to copy paste internationally successful players. Hired staff that don't qualify, and they didn't even make moves to train they're own staff. That seems like the main reasons for their downfall. They had a good thing but I feel they where in a hurry to grow big too fast. They're still big tho, but they could have been more.

[@thaddnarrative]

“They are still big, but they could have been more” 💯

[@NnaemekaAmamasi]

Jumias collection center in owerri Imo State is laughable.....no surprise they going down...!

[@thaddnarrative]

Wow, just wow

[@everstpeak_exclusive]

All there collections centers don't look great but that's not why they are losing money.

[@haziri5118]

The content was good, but you spoke very slowly. Had to increase the speed by 1.7x. I understand you may have spoken slowly for everyone to understand, but as a Nigerian, I think it was too slow.

[@thaddnarrative]

Each video's energy and plot differs. Kindly watch other videos on the channel and drop comments on each of them, i want to know what you think Haziri Thank you for the feedback though

[@mebude]

The moment a tech startup go 100% manager mode this is what happens, especially the 3rd world . Innovation stops and everyone banks of popularity of the brand...MBA will be prioritized over entrepreneurial mindset... Jumai's business model was only waiting to stop at some point, 90%+ of good on the platform are not locally ma nufactured and over 50% of gadgets are shipped from abroad, giving an affiliate vibe of Aliexpress sales page.

[@thaddnarrative]

Well said bro

[@Nicolasemeka]

For me, now knowing that the CEO na white, na red flag

[@thaddnarrative]

Was quite surprising for me also during the research phase of this project 😅

[@Infinitefire-w3]

How many proper businesses have your black CEOs built? You should blame your lack of proper regulation. This is a country where banks can take your money via criminal schemes and fake levies. Without any repercussions. What do you expect from other businesses?

[@ThatsEunice]

Jumia is not a Nigerian company but a French company pretending to be Nigerian. They don’t know the Terran of Nigeria well enough to be successful.

[@thaddnarrative]

Yes ✅ It’s a German owned company kick started by French founders

[@Czr350]

Poor quality products

[@James-fx4ew]

What’s up with these useless comments? Looks bought

[@briannwokeocha9759]

Naa your buy?

[@nextdoorbillioniare]

Can't you be original Wetin be this one Magnatemedia wahala... Let people's craft inspire you, you don't have to copy word for word 😂😂😂😂 Abeg skip...