Jumia secures $50 million equity funding from largest shareholder and World Bank's IFC
Jumia secured $50 million in fresh equity funding from its biggest shareholder and the World Bank's International Finance Corp as the African e-commerce company pushes toward its first profit. The funding was confirmed by multiple sources.
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Jumia secured $50 million in fresh equity funding from its biggest shareholder and the World Bank’s International Finance Corp. as the African e-commerce company pushes toward its first profit. https://t.co/okk3Jc7XBY
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JUST IN: 💰 Jumia locks in $50M equity injection from its largest shareholder and IFC, the World Bank's private investment arm, as Africa's e-commerce giant doubles down on its road to profitability. https://t.co/Iz472lukjF