Jumia shares fall 3.9% despite strong quarterly gains and narrowing losses
Jumia's Q3 2025 revenue reached $45.6 million, a 25% increase from the previous year. Gross Merchandise Value (GMV) rose 21% year-over-year to $197.2 million.
Axian Telecom CEO joins Jumia’s Supervisory Board amid acquisition rumours
Hassanein Hiridjee joins Jumia's Supervisory Board as Angela Mwanza resigns. Axian Telecom acquired an 8% stake in Jumia in June 2025, increasing to 9.18% valued at $52.5 million.
Ahead of 2027 profitability target, Jumia’s revenue grows 25% in Q2 2025
Jumia reported a revenue of $45.6 million for Q2 2025, up 25% year-over-year. Operational losses declined to $16.5 million, down 18% from the previous year.
Temidayo Ojo replaces Sunil Natraj as Jumia Nigeria CEO
Temidayo Ojo has been appointed as the new CEO of Jumia Nigeria, effective immediately. Ojo succeeds Sunil Natraj, who served for 19 months and aimed to stabilize the Nigerian unit.
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.
