09:52 AM EST, 11/11/2024 (MT Newswires) -- Jumia Technologies AG ( JMIA ) said Monday it opened a new warehouse and logistics facility in Ghana, aiming to streamline its operations and support e-commerce services in the country.

The company said the 6,000-square-meter facility in Tema is expected to reduce delivery times, broaden product availability, and support the company's expansion in the African market.

Shares of the company were down 1.5% in recent trading.

Price: 3.71, Change: -0.11, Percent Change: -2.88