Jumia stocks rise marginally as AXIAN Telecom takes 8% stake
- Jumia's shares increased by 2% to $3.31 following AXIAN Telecom's acquisition of an 8% stake.
- AXIAN Telecom's investment has raised Jumia's market capitalization to $406.58 million.
- Jumia's Q1 2025 report showed a 26% decline in revenue to $36.3 million but a 21% increase in total orders.
Jumia's strategic pivot, marked by new investments and a focus on core operations, reflects a proactive approach to navigating the competitive e-commerce landscape in Africa. However, the company's financial challenges and the need for effective restructuring raise questions about its long-term viability and ability to compete against global players.
