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Mastercard plans to invest $56 million in African online marketplace Jumia

(Bloomberg)—Jumia Technologies AG said Mastercard Inc. has agreed to invest 50 million euros ($56 million) in a private placement ahead of the Africa-focused online retailer’s planned initial public offering in New York. The U.S. credit-card giant joins shareholders such as French drinks maker Pernod Ricard SA, which bought a 5.1% stake for 75 million euros […]

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