Jumia is a Pan-African technology company that operates a marketplace, logistics service, and payment service. The marketplace is supported by third-party sellers.
How African Startups Access Export Markets
The African Continental Free Trade Area (AfCFTA) opens access to a $3.4 trillion market for startups. Key sectors leading the way for African startups include fintech, agritech, and healthtech.
Jumia’s largest investor exits with likely multimillion-dollar loss
Baillie Gifford sold its entire 18 million-share stake in Jumia, reducing ownership from 7.4% to 0%. Jumia's share price dropped from over $26 in 2019 to around $2.5 at the time of Baillie Gifford's sale.
Jumia expands delivery service to Nigeria ahead of 2027 profitability target
Jumia has launched its logistics service, Jumia Delivery, in Nigeria. The service follows a successful implementation in Ivory Coast.
Jumia stock rallies 20% on future profit hopes
Jumia's shares increased by 20% in early trading, climbing to $2.82. The company reported a wider operating loss of $18.7 million in Q1 2024, nearly doubling from $8.3 million in the previous year.
