IFC Invests $25 Million in Jumia to Expand Africa's E-commerce Infrastructure
The International Finance Corporation (IFC), the private-sector arm of the World Bank Group, has announced a $25 million equity investment in Jumia Technologies AG to support the expansion of digital commerce infrastructure across Africa, aiming to help approximately 60,000 active local sellers reach broader markets, support about 1,800 direct jobs and create income-generating opportunities for more than 100,000 independent sales agents.
Aug 13, 2026
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