Jumia raises US$25 million in equity investment from World Bank’s IFC at US$5.52 per ADS
Reuters2026/08/12 10:56- Jumia signed agreements for a US$50 million equity raise via 9,057,968 new ADSs priced at US$5.52 each.
- IFC will invest about US$25 million to subscribe for 9,057,970 new ordinary shares delivered as 4,528,985 ADSs.
- Axian and other investors will buy 4,528,983 new ADSs for about US$25 million; some received registration rights.
- Closing expected in the second half of August 2026, subject to customary conditions.
- Proceeds earmarked to fund growth, improve efficiency, strengthen the marketplace, boost the logistics network across core African markets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Storage Giant Offers Huge Bonuses Again: Micron Awards Up to 68 Months’ Bonus
Micron Technology has announced record-breaking bonuses for its employees in Taiwan, ranging from 35 to 68 months’ salary, with a minimum cash compensation of 1.7 million New Taiwan dollars. However, the Taoyuan union, representing about two-thirds of Micron’s workers in Taiwan, has refused to accept the offer, insisting that 15% of operating profits be included in the bonus distribution and maintaining the threat of a strike.
Dogecoin ETF Closure Sets October Exit for Bitwise BWOW Holders
Crypto prices
More
