on Jumia Technologies AG (NASDAQ:JMIA)
Jumia Expands Warehouse Operations in Egypt and Ivory Coast
Jumia Technologies AG, a prominent e-commerce platform in Africa, has announced plans to open new warehouses in Cairo, Egypt, and Abidjan, Ivory Coast. The new facilities are part of Jumia's strategy to enhance its storage capacity and operational efficiency.
The strategically positioned warehouses aim to facilitate expansion into upcountry markets, thereby boosting e-commerce growth. This move is expected to increase cost efficiency, improve employee experience, and provide necessary capacity as the company grows. These initiatives follow similar projects in Lagos, Nigeria, and Casablanca, Morocco.
With the warehousing expansion, Jumia aims to optimize delivery times and convenience, catering better to its customers. This expansion is in line with Jumia's broader initiatives for customer acquisition and warehouse footprint consolidation, aiming to strengthen its position in Africa's e-commerce sector.
The Cairo facility will span 27,000 square meters, while the Abidjan facility will cover 36,000 square meters. Both are expected to be fully operational by January 2025.
R. E.
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