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MTN seeks to sell $243m stake in Jumia

Reuters, yesterday, said its sources had revealed this, saying MTN which had previously marked the online retailer as a non-core business, is reviving plans for a sale after Jumia’s shares surged 142% this year, recovering from a dip in 2019. No final decisions about the sale have been made, the sources told Reuters.

Q2 2019: Jumia reports €17.3 million profit

Jumia Technologies AG has announced that it recorded €17.3 million, a 94 per cent year-on-year (yoy) increase in gross profit for the quarter ended June 30, 2019.

Jumia reports 94 percent increase in 2019 second quarter

Jumia Technologies on Thursday announced its financial results for the second quarter ended June 30 with a 94 per cent increase in gross profit.

MTN prepares for share sale of Jumia

African online retailer Jumia is planning an initial public offering in New York this year that could value the business at about $1.5bn, according to people familiar with the matter.

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AFCONQ: Kaizer Chiefs confirm Daniel Akpeyi’s Super Eagles call-up

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