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BUSINESS TECH

Jumia, Others Get €35 Million in Investment from Millicom

April 19, 2022

Jumia.com, Africa’s fastest growing online retailer, confirmed that global telecommunications group Millicom International Cellular S.A plans to increase its stake in Jumia.com’s holding company from 20 to 35%. This additional €85 million investment in the parent group is part of a €340 million agreement signed in August 2012. Of the €85m, €35m will be invested … Continue reading Jumia, Others Get €35 Million in Investment from Millicom

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