Investors have experienced a couple of twists and turn since the stock debuted in New York.
MTN has been trying to dispose of its non-core assets to minimize debt and open new markets.
The two CEOs of Jumia Group, Jeremy Hodara and Sacha Poignonnec will be taking a salary cut to support their workers amidst the Coronavirus pandemic.
Jumia's global business has continued to show an improvement quarter on as it recorded significant increase across its major financial indices.
Dubai-based Emerging Markets Property Group (EMPG), Mubawab has secured the purchase of Jumia's North-African real estate portal, Jumia House.
The company is said to be in need of money to offset its $4.8 billion worth of debts.