Africa: Africa Roundup – Jumia’s IPO, Dhl Launches Africa E-Shop, Cathay’s $168m VC Fund, Connectmed Acquired

The biggest news in a month of weighty African headlines was Jumia listing on the New York Stock Exchange.

After filing SEC IPO docs in March, the Pan-African e-commerce company’s shares began trading on the NYSE April 12, opening at $14.50 under ticker symbol JMIA. Jumia stock rose north of 70 percent on its first day of trading and started this week at $46.


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