Africa Tech Startup Funding Resilient Amid Challenges [Forbes]
Jumia Technologies AG American Depositary Shares, each representing two Ordinary Shares (JMIA)
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Source: Forbes
home at Riruta suburb in Nairobi . (Photo by TONY KARUMBA / AFP) (Photo by TONY KARUMBA/AFP via Getty Images) AFP via Getty Images As 2024 came to a close, a new milestone was reached in Africa's tech scene: two new unicorns were minted back-to-back. The Nigerian fintech Moniepoint and the South Africa-based TymeBank joined seven other African unicorns on the elite list of start-ups with a valuation exceeding $1 billion. The December unicorn rush boosted what was otherwise a down year for Africa venture funding. One of the most widely watched reports noted a 25% drop in funding for the year, clocking in at $2.2 billion raised in equity, debt, and grants across the continent. , a consultancy that charts the continent's startup scene and tracks funding rounds, noted that the second half of the year ended stronger than the first, but the 2024 numbers were significantly lower than the nearly $4.6 billion raised in 2022. PROMOTED Africa was not alone in funding woes. The story
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News
- Jumia Technologies (NYSE:JMIA) is now covered by analysts at Craig Hallum. They set a "buy" rating on the stock.MarketBeat
- Jumia Technologies (NYSE:JMIA) was upgraded by analysts at Benchmark Co. to a "strong-buy" rating.MarketBeat
- Jumia Technologies (NYSE:JMIA) is now covered by analysts at Benchmark Co.. They set a "buy" rating on the stock.MarketBeat
- Jumia Technologies Boldly Steps Into The Future With A Roadmap To 2030 [Seeking Alpha]Seeking Alpha
- After A Massive Rally, Jumia Needs Earnings To Catch Up [Seeking Alpha]Seeking Alpha
JMIA
Sec Filings
- 12/10/25 - Form 6-K
- 11/12/25 - Form SCHEDULE
- 11/12/25 - Form 6-K
- JMIA's page on the SEC website