Jumia Technologies AG (JMIA) offers an e-commerce platform in Africa, Portugal, Germany, and the United Arab Emirates. The Berlin-based company's platform consists of a marketplace that connects sellers and consumers; a logistics service that enables the shipment and delivery of packages from sellers to consumers; and a payment service that facilitates transactions to participants active on the company's platform in selected markets.
This month, UPS and JMIA established a partnership to provide UPS with access to JMIA's last-mile logistics skills and infrastructure to expand its delivery services in Africa. UPS will provide its clients with an expanded range of delivery alternatives, including door-to-door package delivery and collection, with several payment methods, using Jumia’s infrastructure in Africa. Its shares have gained 19.3% in price over the past month.
