Reported about 15 hours ago
Jumia Technologies experienced a remarkable 35% stock increase in September, largely attributed to its benefits from U.S. tariffs on Chinese goods, improving its cost structure and negotiating power with suppliers. Additionally, a Wall Street analyst significantly raised their price target for Jumia shares. The company also announced an initiative to launch electric bike deliveries in Uganda, aiming to reduce fuel costs and enhance its sustainability efforts.
Source: YAHOO