Tag: Jumia

World Bank invests $25 million in Jumia to bolster Africa’s e-commerce growth

IFC proposes a $25 million equity investment in Jumia to accelerate e-commerce growth, strengthen digital infrastructure and support profitability.

Feyisayo Ajayi Feyisayo Ajayi

Hassanein Hiridjee elected to Jumia’s supervisory board barely one year after emerging as largest shareholder

Hassanein Hiridjee joins Jumia’s Supervisory Board barely one year after Axian Group increased its stake to 9.97 percent, strengthening governance at Africa’s e-commerce platform.

Omokolade Ajayi Omokolade Ajayi

Jumia posts $818.6 million merchandise sales in 2025

Jumia records $818.6 million in 2025 merchandise sales, boosting revenue and narrowing losses as Africa’s top e-commerce platform grows.

Omokolade Ajayi Omokolade Ajayi