Stock Impact: Jumia Technologies AG (NYSE: JMIA) shares rose 2.5% on Tuesday after announcing the election of five Supervisory Board members.
Listed Companies and Sectors: New board members are:
Dr. Akinwumi Ayodeji Adesina – former President of the African Development Bank Group (2015‑2025), during which the bank’s capital base grew from $93 billion to $318 billion; also former Nigeria Minister of Agriculture and Rural Development.
Hassanein Hiridjee – co‑founder and CEO of Axian Group, a pan‑African conglomerate operating in 21 countries; has been a board member since September 2025 and was formally elected by shareholders.
Benjamin T. Faw – brings experience in marketing, operations and capital markets.
Jonathan D. Klein – re‑elected Chairman of the Supervisory Board.
Anne Ooga Eriksson – re‑elected Deputy Chairperson and continues as Chairperson of the Risk and Audit Committee.
Operational Performance: Full‑year 2025 gross merchandise value (GMV) reached $818.6 million. In Q1 2026, GMV grew 31% YoY to $212.2 million and revenue increased 39% YoY to $50.6 million.
Financial Outlook: Jumia targets Adjusted EBITDA breakeven and positive cash flow in Q4 2026, with full‑year profitability and positive cash flow expected in 2027.
Business Footprint: Jumia operates a pan‑African e‑commerce platform across 8 African countries, connecting approximately 70,000 sellers with customers via its marketplace and logistics network.
