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.
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.
