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.
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.
BREAKING: Jumia narrows losses to $16.5 million in Q1 ’25 as currency problems pressure revenues
Jumia reported a pre-tax loss of $16.5 million for Q1 2025. Revenue contracted to $36.3 million, a 26% year-over-year decline.
Jumia remains in the red in Q4 2024, despite years of cost cutting
Jumia reported a revenue of $45.7 million for Q4 2024, down 23% year-over-year. Operational losses grew to $17.3 million, compared to $4.5 million in the same period last year.
