Rising gas demand in the EU countries, which have been imposing sanctions on their main provider, Russia, on the back of the Ukraine war, has ... prompted Egypt on the other side of the Mediterranean to boost its LNG exports. Yet, its high domestic consumption and possibly insufficient infrastructure remain stumbling blocks.
The Nigerian-born company Jumia, listed on the New York Stock Exchange since 2019, runs operations in 11 African nations: Nigeria, Egypt, Kenya, Uganda, Tunisia, Algeria, Morocco, Ghana, Ivory Coast, South Africa and Senegal.
In Egypt, Africa’s third most populous nation, Jumia has risen to prominence, becoming one of the North African country’s major e-commerce players through a tumultuous decade. Political upheaval, local currency flotation, the pandemic and finally the Russia-Ukraine war have left the Egyptian economy reeling over the past ten years.