Jumia says profitability is within reach after securing $50 million from IFC and Axian

Jumia’s $50 million funding from the International Finance Corporation (IFC), Axian Telecom and other investors arrives at a moment that could define the company’s next chapter. The New York-listed e-commerce company says it expects to reach profitability in the fourth quarter of 2026, and this latest capital raise is designed to strengthen its balance sheet … The post Jumia says profitability is within reach after securing $50 million from IFC and Axian appeared first on TechTrendsKE .

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