Jumia is a Pan-African technology company that operates a marketplace, logistics service, and payment service. The marketplace is supported by third-party sellers.
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.
AXIAN Telecom takes 8% stake in Jumia days after Baillie Gifford fully exits
AXIAN Telecom acquires an 8% minority stake in Jumia, reshaping its investor landscape. Baillie Gifford, Jumia's largest institutional investor, completed its exit just days before AXIAN's investment.
How African Startups Access Export Markets
The African Continental Free Trade Area (AfCFTA) opens access to a $3.4 trillion market for startups. Key sectors leading the way for African startups include fintech, agritech, and healthtech.
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.
Lagos is the world’s fastest-growing tech ecosystem in 2025
Lagos has been ranked as the world's fastest-growing tech ecosystem in 2025 by Dealroom.co. The startup ecosystem valuation in Lagos has surged 11.6 times since 2017, reaching $15.3 billion.
