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JUMIA RAISES $50M AS STOCK PLUMMETS 90%

African e-commerce platform Jumia secured $50 million in fresh funding, with the World Bank's International Finance Corporation (IFC) contributing $25 million. The capital infusion comes as the company's US-listed shares have collapsed from over $60 in 2021 to $6 today.

1 SOURCEFIRST SEEN AUG 12, 11:30 AM► READ THE ARTICLE

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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…

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