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 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.
Verve expands global reach with Temu, challenging Jumia’s stronghold
Verve cardholders can now shop on Temu and pay in local currencies. This partnership simplifies cross-border transactions for African shoppers.
Six Nigerian shoppers share their Temu experience. Here’s what to know before you order
Temu launched in Nigeria in November 2024, quickly becoming popular among online shoppers. The platform's consistent inventory availability has attracted customers frustrated by stock shortages on other platforms.
How Can You Shield Yourself from Social Engineering Scams?
Online spending in SA grew by 23 percent (to R71 billion) in 2023. Social engineering is one of the most common techniques used by fraudsters.
