Jumia shares fall 3.9% despite strong quarterly gains and narrowing losses

Jumia shares drop 3.9% to $10.14 despite strong Q3 2025 results showing 25% revenue growth and narrowing operating losses.

Jumia trims workforce to 2,000 as it accelerates AI-driven operations

Jumia cuts staff to 2,000 as it adopts AI to boost efficiency and profitability. The e-commerce leader eyes breakeven by 2026.

Jumia CEO sees ‘Inflection Point’ as Q3 revenue climbs 25% to $45.6 million

"We believe Jumia has reached an inflection point as our compelling value proposition, and improved operational discipline position us for sustainable, profitable growth,” said CEO Francis Dufay

Walmart to open stores in South Africa before Q4 2025

Walmart will launch its first own-branded stores in South Africa before the end of 2025, competing with Amazon and Temu in its retail market.

Jumia taps Axian Telecoms Board Chairman for key board role

The move comes after the board's membership fell below the six members required by its articles of association

Investors cheer as Jumia delivers turnaround surprise in Q2 2025

Jumia’s Q2 2025 earnings surprise investors with 27% stock surge and 25% revenue growth, boosting confidence in its turnaround plan

Ahead of 2027 profitability target, Jumia’s revenue grows 25% in Q2 2025

“Our second quarter results reinforces our confidence in achieving full-year profitability in 2027,” said CEO Francis Dufay, who sounded quite confident.

Temidayo Ojo replaces Sunil Natraj as Jumia Nigeria CEO 

Jumia has appointed Temidayo Ojo as the new CEO of Jumia Nigeria, replacing Sunil Natraj after a 19-month tenure.

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.