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1 Stock I'd Buy Before JMIA in 2026
Yahoo Finance· 2026-01-09 15:45
Group 1 - Jumia Technologies is often referred to as the Amazon of Africa, appealing to investors due to its potential in the high-growth e-commerce sector, with a share price of $14.17 and a market capitalization of $1.07 billion as of January 6 [1] - Super Group, a sportsbook operator, has seen a remarkable increase of over 94% in its stock price over the past year, making it one of the best-performing betting stocks [3] - Super Group's revenue from Africa has tripled since 2021, now accounting for 40% of the company's total revenue, primarily driven by South Africa, the continent's largest economy [4] Group 2 - Super Group ranks among the top three internet casino and sportsbook operators in the eight African nations where it operates, indicating its strong presence in the region [5] - The company has shifted its focus away from the U.S. market, abandoning its sports wagering and iGaming operations there, which aligns with its strategy to avoid complex profitability pathways in the U.S. [6] - In the third quarter, Super Group's internet casino revenue in Africa surged by 37%, with a promising long-term outlook for its sportsbook operations due to the increasing interest in sports betting among young, upwardly mobile Africans [7]