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Benzinga

Business

Henry Khederian

Here's Why Jumia Technologies Shares Are Rising

Jumia Jumia Technologies NYSE UPS Jumia Technologies AG

Jumia Technologies AG - ADR (NYSE:JMIA) shares are trading higher by 20.34% at $11.42 after the company announced it would make its last mile logistics capabilities available to United Parcel Service, Inc. (NYSE:UPS).

Leveraging the Jumia infrastructure in Africa, Jumia says UPS will offer its customers an extended range of delivery solutions, including door-to-door package delivery and collection, with a variety of payment options.

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