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.
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.
Investors react positively after Jumia’s Q4 results
Jumia's shares jumped by 41.18% after sharing its Q4 2023 financial results. Jumia reduced its operating loss to $4.5 million, the lowest in four years.
