Jumia partners with Diar Dzair to launch buy now pay later in Algeria

Jumia has launched a Buy Now, Pay Later (BNPL) service in Algeria in partnership with local fintech Diar Dzair. This move targets financial inclusion in underbanked markets.

Jumia stocks rise marginally as AXIAN Telecom takes 8% stake

Jumia shares rose 2% after AXIAN Telecom took an 8% stake. The move signals new confidence in Africa’s e-commerce leader.

AXIAN Telecom takes 8% stake in Jumia days after Baillie Gifford fully exits 

AXIAN Telecom takes 8% stake in Jumia after Baillie Gifford exit. This major investor reshuffle signals a strategic telecom-backed partnerships in African e-commerce.

Fatura Joins MaxAB-Wasoko in Africa’s Biggest Retail Tech Move

MaxAB-Wasoko has acquired Egypt’s Fatura in a major step toward unifying Africa’s fragmented retail supply chain. The deal brings scale, credit access, and growth to informal merchants.

Jumia expands delivery service to Nigeria ahead of 2027 profitability target

The initiative represents a strategic pivot for Jumia, following a period focused on cost optimisation.

Jumia stock rallies 20% on future profit hopes

Jumia’s stock rose 20% Friday after the company reaffirmed its path to profitability by 2027, even as losses widened and revenue fell in Q1 2025.

BREAKING: Jumia narrows losses to $16.5 million in Q1 ’25 as currency problems pressure revenues

"We believe to be on track for the fourth quarter of 2026, targeting full-year profitability on a loss before income tax basis in 2027," said optimistic CEO Francis Dufay

OmniRetail raises $20M Series A to scale Africa’s informal retail infrastructure

The company achieved profitability in 2024 and processes over $800M annually.

Verve expands global reach with Temu, challenging Jumia’s stronghold

Verve cardholders across Africa can now shop on Temu and pay in local currency, expanding e-commerce options.

Why we left Tunisia and South Africa in 2024 – Jumia 

The e-retailer will leverage the nine countries left, representing more than 625 million people, 54% of Africa’s internet users, and 49% of Africa's GDP

Breaking: Ex- Kobo360 CEO Cikü Mugambi joins Dutch investment firm

The move marks a return to investment for Mugambi, who previously held roles in the sector before her two-year tenure at Kobo360.

Jumia remains in the red in Q4 2024, despite years of cost cutting

Despite the bleeding results from all corners, Dufay's 2025 strategy is driving top-line growth and improving operational efficiencies.