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July 2, 2025

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Jumia stock price rebounded this week, soaring to its highest level since December last year. JMIA soared to a high of $4.70, up by 170% from its lowest level this year. 

Jumia stock price soars amid takeover hopes

Jumia share price has surged in the past few months, mirroring the performance of most companies. The rally accelerated this week after Bloomberg reported that it was becoming a takeover target.

The report cited Axiom Telecom, a company based in Mauritius that aims to increase its footprint in Africa. In that line, it has raised $600 million to refinance its debt. 

Axiom has been interested in Jumia for a while and has been accumulating its shares, making it the eighth-largest holder. Jumia is now valued at over $570 million, meaning that the potential bid would be worth over $700 million.

Axiom Telecom and Jumia have not responded to the report, and there is a possibility that it will be scrapped. 

Jumia stock price chart | Source: TradingView

JMIA is facing major challenges

Jumia, which offers an Amazon-like e-commerce platform, has been under pressure in recent years as its growth slows and losses intensify. Its performance is a sign that demand for its products in key countries is falling. 

The most recent results showed that its revenue came in at $36 million in the first quarter, down by 26% from the same period last year. This decline happened as its gross merchandise volume tumbled by 11% YoY. 

Jumia’s revenue decline is because of the substantial competition happening across Africa, where e-commerce shopping has jumped. While Jumia is a popular company, users are opting for other way to shop.

A popular approach is where customers in urban areas use apps like Glovo to order food and groceries from nearby sellers. Unlike Jumia, these apps deliver their products within minutes.

As a result, SimilarWeb data shows that website and app traffic to some Jumia sites is falling. Jumia Kenya had 2.36 million visitors in May, down by 11.95% from a month earlier. Similarly, Jumia Egypt’s traffic dropped by 3% to 2.1 million, whle Jumia Ghana had less than 1 million visitors. 

Its results also showed that its adjusted EBITDA was a loss of $15.7 million, a big increase from $4.3 million a year earlier. 

Further, Jumia’s active customer growth is still sluggish. It ended the last quarter with 2.1 million users, down from 2.4 million in the fourth quarter. In contrast, other regional e-commerce companies like MercadoLibre and Coupang continue to see double-digit user growth. 

Juma is working to boost its business by launching more services to complement its existing ones. It has ventured into Buy Now Pay Later (BNPL) solutions and expanded its delivery solutions in Nigeria. 

Is it safe to buy Jumia shares?

The main reason to buy Jumia shares today is to hope that Axian will make a formal bid for the company, a move that would see it delisted in New York. Such a deal would be a good exit strategy for its investors who have endured substantial losses since it went public.

The risk, however, is if the deal fails and Jumia continues to operate as an independent company. Such a scenario is risky because of Jumia’s deteriorating financials and market share. If this happens, the next key level to watch will be at $1.75, the lowest swing in April.

The post Here’s why the Jumia stock price is soaring appeared first on Invezz

Melbourne, Australia (ABN Newswire) – Lithium Universe Limited (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF) is pleased to announce that further to its announcement dated 18 June 2025 (Announcement), it has now completed legal due diligence to its absolute satisfaction. As such, the Company is now progressing towards completion of the Acquisition (defined below).

ACQUISITION DETAILS

As detailed in the Announcement, the Company has entered into a binding agreement to acquire the global rights to commercially exploit a patented photovoltaic (PV) solar panel recycling technology known as Microwave Joule Heating Technology. The rights will be secured via an exclusive licensing agreement with Macquarie University (MQU), held through an Australian-incorporated holding company, New Age Minerals Pty Ltd (NAM). The transaction will be effected by the Company acquiring 100% of the issued share capital of NAM (Acquisition).

As disclosed in the Announcement, completion of the Acquisition was conditional on the Company completing legal due diligence. This has now been completed to the satisfaction of the Company.

Completion was also conditional on the Company, NAM and MQU entering into a variation to the licensing agreement to reflect the change in ownership of NAM. The parties have since agreed in writing to waive this condition to allow completion of the Acquisition to proceed, with the variation to be entered into with MQU as soon as practicable following completion.

The Company will now proceed to the acquisition of NAM.

About Lithium Universe Ltd:  

Lithium Universe Ltd (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF), headed by industry trail blazer, Iggy Tan, and the Lithium Universe team has a proven track record of fast-tracking lithium projects, demonstrated by the successful development of the Mt Cattlin spodumene project for Galaxy Resources Limited.

Instead of exploring for the sake of exploration, Lithium Universe’s mission is to quickly obtain a resource and construct a spodumene-producing mine in Quebec, Canada. Unlike many other Lithium exploration companies, Lithium Universe possesses the essential expertise and skills to develop and construct profitable projects.

Source:
Lithium Universe Ltd

Contact:
Iggy Tan
Executive Chairman
Lithium Universe Limited
Email: info@lithiumuniverse.com

News Provided by ABN Newswire via QuoteMedia

This post appeared first on investingnews.com

Clean energy stocks fell Monday as President Donald Trump’s spending legislation now includes a tax on wind and solar projects using Chinese components and abruptly phases out key credits.

Shares of NextEra Energy, the largest renewable developer in the U.S., fell 4%. Solar stocks Array Technologies, Enphase and Nextracker were down between 1% and 9%.

The Senate is voting Monday on amendments to the legislation. The current draft ends the two most important tax credits for solar and wind projects placed in service after 2027.

“The latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country,” Tesla CEO Elon Musk posted on X over the weekend. “Utterly insane and destructive. It gives handouts to industries of the past while severely damaging industries of the future.”

Previous versions of the bill were more flexible, allowing projects that began construction before 2027 to qualify for the investment and electricity production tax credits, according to Monday note from Goldman Sachs.

The change “compresses project timelines and adds significant execution risk,” Bank of America analyst Dimple Gosal told clients in a note Monday. “Developers with large ’25 pipelines, may struggle to meet the new deadlines — potentially delaying or downsizing planned investments.”

The Senate legislation also slaps a tax on solar and wind projects that enter service after 2027 if they use components made in China.

“The latest draft in the Senate has become more restrictive for most renewable players, moving toward a worst case outcome for solar and wind, with a few improvements for subsectors on the margin,” Morgan Stanley analyst Andrew Percoco told clients in a Sunday note.

To be sure, the rooftop solar industry is viewed by Wall Street as a relative winner from the bill, with Sunrun shares up more than 13% and SolarEdge trading more than 6% higher on Monday. The legislation seems to allow tax credits for leased rooftop systems to remain in place through the end of 2027, which was not the case in previous versions, according to Goldman Sachs.

And First Solar is up more than 9% as the legislation seems to allow the manufacturer to claim credits for both components and final products, according to Bank of America.

This post appeared first on NBC NEWS

Israel has agreed to a proposal led by the Trump administration for a 60-day ceasefire, during which time President Donald Trump said all parties will work to end the war in the Middle East.

‘My Representatives had a long and productive meeting with the Israelis today on Gaza,’ Trump said in a post on Truth Social on Tuesday. ‘Israel has agreed to the necessary conditions to finalize the 60 Day CEASEFIRE, during which time we will work with all parties to end the War. 

‘The Qataris and Egyptians, who have worked very hard to help bring Peace, will deliver this final proposal,’ Trump added. ‘I hope, for the good of the Middle East, that Hamas takes this Deal, because it will not get better — IT WILL ONLY GET WORSE. Thank you for your attention to this matter!’

Israeli Minister of Foreign Affairs Gideon Sa’ar said Monday, ‘Israel is serious in its will to reach a hostage deal and ceasefire in Gaza.’

He pointed to Jerusalem’s acceptance of a recent proposal presented by Special Envoy Steve Witkoff, but which Hamas rejected as it did not include a solution to a permanent ceasefire and a plan to withdraw Israeli forces from Gaza.

Witkoff is expected to head to Cairo in the coming days to begin hashing out new negotiations.

The president has been pushing for Israel to end its conflict in Gaza and to secure a hostage deal.

Ending Israel’s military operations in Gaza will prove a crucial step in expanding Trump’s ambitions to bring new nations into the Abraham Accords. 

‘We have opportunities in front of us,’ Sa’ar said, echoing Jerusalem’s ambitions to reach a deal. ‘We paid for the new reality in the Middle East with the blood of our soldiers and citizens.’

‘Israel is interested in expanding the Abraham Accords circle of peace and normalization. We have an interest in adding countries, such as Syria and Lebanon, our neighbors, to the circle of peace and normalization – while safeguarding Israel’s essential and security interests,’ he added. 

Prior to today, Trump had not detailed which nations are interested in normalizing diplomatic relations with Israel, though nations like Saudi Arabia have made clear that so long as Palestinians continue to suffer in the Israel-Hamas conflict, normalization is off the table.

Fox News Digital’s Caitlin McFall contributed to this report.

This post appeared first on FOX NEWS