Jumia Technologies AG (NYSE:JMIA), Africa’s prominent e-commerce platform, has launched a new integrated warehouse and logistics facility in Tema, Ghana.

This investment reinforces Jumia’s commitment to Ghana’s e-commerce growth and aligns with its strategy to optimize operations across Africa, following similar expansions in Nigeria, Morocco, Egypt, and Cote d’Ivoire.

The new 6,000-square-meter Tema warehouse boosts Jumia’s storage capacity, enhancing supply chain efficiency, reducing delivery times, and strengthening its position as Ghana’s top online shopping destination. Located strategically in Tema, the new warehouse enhances access to key transport routes, supporting efficient nationwide distribution.

According to Francis Dufay, CEO of Jumia, the expansion underscores Jumia Ghana’s success and commitment to the Ghanaian market. Dufay highlighted that the enhanced logistics infrastructure strengthens Jumia’s ability to address evolving customer needs and support e-commerce growth, enabling a broader product selection, faster delivery, and increased convenience for customers.

“The increased space and advanced infrastructure will also allow us to streamline our operations, improve order fulfilment, and deliver an even better shopping experience for our customers,” said Fiacre N’Guessan, Chief Supply Chain Officer of Jumia Ghana.

Price Action: JMIA shares are trading higher by 1.05% at $3.86 premarket at the last check Monday.

UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets.

Get the latest stock analysis from Benzinga?

• JUMIA TECHNOLOGIES (JMIA): Free Stock Analysis Report

This article Jumia Expands Its Logistics Network With New Warehouse To Strengthen E-Commerce In Ghana originally appeared on Benzinga.com

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.