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Jumia targets expansion with New York IPO

...As MTN set to exit retail business

Jumia

Africa’s first Tech Unicorn, Jumia has filed for a New York Initial Public Offering to raise funds which it says would help the business take advantage of a growing market in Africa while it faces the imminent exit of largest shareholder, MTN Group. Amid a loss of 170.4 million euros ($192.4 million) in 2018, compared…

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