The investor will take a stake in through a German holding company in an all cash-for-equity investment.
Launched in spring 2012, Jumia provides a range of general merchandise categories such as fashion apparel, shoes, electronics, mobile phones, books, toys, beauty products and has operations in Nigeria, Egypt, Morocco and South Africa.
JP Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity. JP Morgan Chase, the parent company of JP Morgan Asset Management, is a global financial services firm with operations in more than 60 countries. The firm provides investment banking, financial services for consumers, small-business and commercial banking, financial transaction processing, asset management and private equity.
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