Jumia Technologies AG announced the election and re-election of five members to its Supervisory Board during the company’s Annual General Meeting held on May 15, 2026, as the pan-African e-commerce platform continues its push toward profitability in 2027.
Shareholders elected Hassanein Hiridjee, Benjamin T. Faw, and Dr. Akinwumi Ayodeji Adesina, while Jonathan D. Klein and Anne Ooga Eriksson were re-elected to the board. The company said the refreshed Supervisory Board combines expertise in finance, e-commerce, governance, and African economic development.
Jonathan D. Klein, co-founder and former chairman and CEO of Getty Images, will continue serving as Chairman of the Supervisory Board. Klein has served on Jumia’s board since its IPO and has previously held board positions at Etsy, Squarespace, Getty Images, and RealNetworks. The company said his continued leadership provides continuity as Jumia advances its profitability strategy and infrastructure expansion efforts across Africa.
Anne Ooga Eriksson will remain Deputy Chairperson of the Supervisory Board and Chairperson of the Risk and Audit Committee. A Kenyan national and former Regional Senior Partner and CEO for Eastern Africa at PricewaterhouseCoopers, Eriksson brings more than 40 years of audit and governance experience, including leadership roles on audit and risk committees across Africa.
Dr. Akinwumi Ayodeji Adesina joins the board for the first time following a decade-long tenure as President of the African Development Bank Group from 2015 to 2025. During his leadership, the institution’s capital base expanded from $93 billion to $318 billion. Adesina also previously served as Nigeria’s Minister of Agriculture and Rural Development and chaired Africa50, a pan-African infrastructure investment platform. Jumia said his appointment reflects the company’s emphasis on governance and strategic engagement across the continent.
Hassanein Hiridjee, co-founder and CEO of Axian Group, was formally elected by shareholders after serving on the Supervisory Board since September 2025. Axian Group operates across 21 African countries in sectors including telecoms, fintech, financial services, energy, and real estate. Jumia said Hiridjee contributes operational and regulatory expertise across many of the company’s core markets.
Benjamin T. Faw also joins the board for the first time, bringing experience in marketing, operations, capital markets, and institutional investment. The company said Faw’s background supporting growth-stage technology and e-commerce businesses will help guide Jumia’s focus on unit economics, cash efficiency, and long-term profitability.
The board changes come as Jumia reports improving financial and operational performance. Full-year 2025 gross merchandise value reached $818.6 million, while first-quarter 2026 GMV increased 31% year-over-year to $212.2 million. Revenue rose 39% to $50.6 million during the same period. The company said it is targeting adjusted EBITDA breakeven and positive cash flow in the fourth quarter of 2026, with full-year profitability expected in 2027.
KEY QUOTES:
“This Supervisory Board brings together deep, first-hand knowledge of African markets, rigorous discipline around capital and returns, governance experience and market understanding the Company needs at this stage. Benjamin T. Faw and Dr. Akinwumi Ayodeji Adesina joined at a defining moment, as Jumia moves from a growth-at-all-costs model to one defined by sustainable, profitable scale.”
Jonathan D. Klein, Chairman of the Supervisory Board, Jumia
“Africa’s digital economy and e-commerce sector are not a future promise-it is today’s reality, and Jumia has been central to building it. The Company connects millions of consumers and tens of thousands of small businesses to opportunities across some of the continent’s most complex and underserved markets. I join at a moment of clear momentum: fundamentals are improving, leadership is focused, and Africa’s structural opportunity is undeniable and compelling. I look forward to contributing to Jumia’s next chapter as it strengthens its position as a leader in Africa’s digital economy and e-commerce landscape.”
Dr. Akinwumi Ayodeji Adesina, Member of the Supervisory Board, Jumia
