Jumia Technologies AG saw its shares rise by over 10% following a robust second-quarter performance, characterized by a 14% revenue increase to $52 million and a 36% reduction in adjusted EBITDA losses to $8.7 million. The company’s focus on profitable growth over aggressive discounting yielded a 20% rise in Gross Merchandise Value (GMV), with Nigeria serving as a primary growth engine, recording a 36% year-on-year increase in physical-goods GMV. Simultaneously, Jumia announced a $50 million equity capital raise, anchored by a $25 million investment from the International Finance Corporation, to support its path toward breakeven by Q4 2026.