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World Bank Invests $25 Million in Jumia to Boost Africa’s Digital Commerce
In a significant vote of confidence for African e-commerce, the International Finance Corporation (IFC) the private-sector arm of the World Bank Group has committed $25 million in equity to Jumia Technologies AG.The investment forms part of a broader $50 million equity raise, with the remaining capital coming from Axian (one of Jumia’s largest shareholders) and…
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