Jumia
Africa Business Ecommerce Economy Funding Investment

Jumia files for IPO on the New York Stock Exchange

Pan-African e-commerce company Jumia has filed for an Initial Public Offering on the New York Stock Exchange according to SEC

Jumia
Ecommerce

How Jumia Stock is Rebounding and Gaining Momentum

The last four weeks has been that of uplift in fortune for holders of Jumia stock, and the development is

Jumia
Ecommerce

Jumia Announces “At The Market Offering” Sales Agreement with Citi

Jumia Technologies AG (“Jumia”) has announced that it had entered into an “at the market offering” sales agreement with Citigroup Global

MTN Nigeria
Business Ecommerce Jumia MTN Telecom

MTN Group Sells Stake in Jumia

MTN Group has sold its stake in Jumia, one of Africa’s largest eCommerce firms. The South African telecommunications giant, said

Jumia
Appointment Ecommerce Jumia Leadership

Flour Mills Appoints Jumia Chairperson, Juliet Anammah as Board Member

Flour Mills of Nigeria Plc has announced the appointment of Juliet Anammah, the Chairperson of Jumia, to the board of Directors effective

Fawry
Africa Fintech Payment

Egyptian Electronic Payment Company Fawry is Now Worth Over $1 billion

Fawry, an Egyptian electronic payments company is now a unicorn after reaching a valuation of over $1 billion. With this,

e-commerce
Business Report

Jumia Revenue Slid by 10% As eCommerce Firm Fails to Take Advantage of Lockdown Across Africa

Jumia revenue took a 10% slid in the second quarter 2020 as the eCommerce firm failed to take advantage of

Konga
Business Ecommerce

Konga Gets Investors Backing to Expand to Other African Countries After Rejecting $300 Million Valuation

Konga, a Nigerian eCommerce firm says that it rejected a $300 million valuation from a consortium of global investors last

Jumia
Africa Appointment Ecommerce

Massimiliano Spalazzi Appointed as Jumia Nigeria CEO

Massimiliano Spalazzi has been appointed as CEO of Jumia Nigeria replacing Juliet Anammah who is now the of chairwoman of

Jumia
Business Ecommerce Job

Jumia Downsizes in Kenya

Jumia appears to be intensely reviewing its portfolio in the 12 African countries it is currently present. While the ‘Amazon