Jumia Technologies' U.S.-listed shares jump on partnership with UPS

Jumia Technologies AG

04/04/2022 16:55

** E-commerce firm's U.S.-listed shares  JMIA.N  up 30% at
$12.33
    ** Jumia and UPS  UPS.N  announce partnership, which will
give UPS access to JMIA's last mile logistics capabilities and
infrastructure to grow its delivery services in Africa (https://bit.ly/3NOSGo8)
    ** Collaboration will initially cover Kenya, Morocco,
Nigeria, with plans for expansion to Ghana and Ivory Coast, and
thereafter to remaining African countries where Jumia operates
    ** Jumia among top 10 trending stocks on retail
investor-focused Stocktwits.com, with message volumes up ~180%
    ** More than 13.7 mln shares change hands, nearly 4x 25-day
moving avg
    ** Jumia's U.S.-listed shares up 8.2% YTD

 (Reporting by Bansari Mayur Kamdar in Bengaluru)
 ((BansariMayur.Kamdar@thomsonreuters.com))