The recent complete divestment by Baillie Gifford—one of the world’s most respected long-term institutional investors—from African e-commerce pioneer, Jumia, underscores serious concerns over the platform’s sustainability and credibility. Baillie Gifford, known for backing global disruptors like Tesla and Shopify, announced in its May 5, 2025 filing that it had sold […]
Jumia
Jumia, Africa’s leading e-commerce platform, showcased its resilience and strategic progress despite a challenging economic environment. The company reported a 17% decline in revenue to $36.5 million but revealed a strong underlying performance with a 15% increase on a constant currency basis, reflecting the impact of currency devaluations in key […]