COVID-19 has started to spread in Africa, and governments on the continent are taking proactive steps to slow the coronavirus pandemic by instituting strict social distancing measures. This creates an opportunity for Jumia Technologies (NYSE: JMIA), which is moving to bring African commerce to the internet.
In the 2019 fourth quarter earnings call, CEO Sacha Poignonnec guided for some disruption due to the virus's effect on Jumia's supply chains in China. But as China comes back online and the virus spread to other parts of the world, Jumia may be poised for a better-than-expected quarter as social distancing policies boost demand for its e-commerce services.
Image source: Jumia.