Industry & AnalysisStartups

Jumia’s Resurgence: E-commerce Startups Sees its Stock Soar as it Reclaims its $1bn Valuation.

by Jon Lubwama
Jumia Stock Has Soared, Soaring Past $1bn for the first time Since 2021.
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Jumia, Africa's pioneering e-commerce platform, has experienced a remarkable resurgence in its stock price, surging 55% over the past five days. This rally has lifted the company's market value to $1.32 billion, signalling renewed confidence among investors as Jumia works to reposition itself for future growth. Founded in 2012, Jumia was celebrated as Africa's first unicorn in 2016 after raisin

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About the Author

Jon is an Editor at CEO East Africa.