Jumia has lost one of its largest investors, Baillie Gifford, which has dumped its entire shares.
This follows the exit of Rocket Internet, MTN Group, among others. Baillie Gifford, with over 8.5 million shares as Jumia’s largest institutional investor, has just sold the last of its 18 million
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Folake Balogun
Folake Balogun is a tech journalist covering Africa’s fast-growing digital economy with a strong focus on incisive analysis of startup trends, venture capital, and fintech innovation, while also exploring emerging technologies such as artificial intelligence and the future of connectivity by highlighting their economic and social impact.
