financetom
Business
financetom
/
Business
/
Jumia Technologies Opens Integrated Warehouses in Nigeria, Morocco
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Jumia Technologies Opens Integrated Warehouses in Nigeria, Morocco
Jun 10, 2024 6:32 AM

09:07 AM EDT, 06/10/2024 (MT Newswires) -- Jumia Technologies ( JMIA ) , an e-commerce platform, said Monday it has opened an integrated warehouse in Lagos, Nigeria, and another near Casablanca, Morocco.

The company said the new warehouses are a "major step forward" for its logistics capabilities, and they will "allow for significant scale-up of operations and improvements in efficiency, cost savings, and delivery times."

Price: 7.55, Change: +0.05, Percent Change: +0.67

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Adidas third-quarter sales slow in North America
Adidas third-quarter sales slow in North America
Oct 29, 2025
(Reuters) -Adidas's North America sales recorded the weakest growth among the German sportswear maker's regions in the third quarter, the company reported on Wednesday. Revenues for its Adidas brand in North America rose 8% on the year, excluding the impact of currency movements, lagging other markets, which grew between 10% and 21% in the quarter. Adidas's brand growth metric strips...
Adyen beats revenue estimates as payment volumes rise
Adyen beats revenue estimates as payment volumes rise
Oct 29, 2025
Oct 29 (Reuters) - Dutch payments group Adyen beat market expectations for quarterly revenue on Wednesday as strong retail activity kept payment volumes high, but slightly narrowed its financial forecast through 2026. Third-quarter net revenue grew 23% from a year earlier on a constant currency basis to 598.4 million euros ($697.9 million). Analysts had expected 21.1% growth on average, according...
OpenAI CFO says Microsoft deal boosts capital raising efficiency
OpenAI CFO says Microsoft deal boosts capital raising efficiency
Oct 29, 2025
RIYADH (Reuters) -OpenAI's Chief Financial Officer Sarah Friar said in Riyadh on Wednesday that this week's deal with Microsoft ( MSFT ) allows the company to continue raising capital in a much less complex manner. Friar also said that OpenAI's intention to collaborate with governments globally to deploy its technology could enhance the United States' soft power. ...
Why Did 22nd Century Group Shares Surge 39% In After-Hours Trading?
Why Did 22nd Century Group Shares Surge 39% In After-Hours Trading?
Oct 29, 2025
22nd Century Group Inc. ( XXII ) shares climbed 39.07% to $2.10 in after-hours trading on Tuesday after the company said it received $9.5 million in cash from an insurance settlement for business interruption claims tied to the November 2022 Grass Valley incident. Check out the current price of XXII stock here.  CEO Statement on Financial Position Larry Firestone, chief...
Copyright 2023-2026 - www.financetom.com All Rights Reserved