Jumia Technologies AG Announces Supervisory Board Changes and 2027 Profitability Target

Jumia Technologies AG held its 2026 Annual General Meeting on May 15, 2026, and announced the election and re-election of five members to its Supervisory Board. The new board members include Jonathan D. Klein, Anne Ooga Eriksson, Hassanein Hiridjee, Benjamin T. Faw, and Dr. Akinwumi Ayodeji Adesina. These individuals bring extensive experience in finance, e-commerce, African development, and corporate governance. The company reported significant operational momentum, with full-year 2025 GMV at $818.6 million and Q1 2026 GMV growing 31% year-on-year. Jumia is targeting Adjusted EBITDA breakeven and positive cash flow in Q4 2026, with full-year profitability and positive cash flow expected in 2027. The company aims to transition from a growth-at-all-costs model to one focused on sustainable, profitable scale.