Will's Blog: African e-commerce company Jumia raised $50M, including $25M from the World Bank's IFC; Jumia's US-listed shares have fallen from $60+ in 2021 to $6 now (Loni Prinsloo/Bloomberg)

12 August 2026

African e-commerce company Jumia raised $50M, including $25M from the World Bank's IFC; Jumia's US-listed shares have fallen from $60+ in 2021 to $6 now (Loni Prinsloo/Bloomberg)

Loni Prinsloo / Bloomberg:
African e-commerce company Jumia raised $50M, including $25M from the World Bank's IFC; Jumia's US-listed shares have fallen from $60+ in 2021 to $6 now — Jumia Technologies AG secured $50 million in fresh equity funding from its biggest shareholder and the World Bank's International Finance Corp …

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