UPS Partners with Jumia to Expand its Logistics Services in Africa

StreetInsider2022-04-04

Jumia (NYSE: JMIA) and UPS (UPS) announced today a partnership giving UPS access to Jumia's last mile logistics capabilities and infrastructure to grow its delivery services in Africa. Jumia shares ...

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Samwich
2022-04-04
Samwich
K
- Noobplayer:
  Ok
JemLIm
2022-04-04
JemLIm
Cool
- Samwich:
  K
- JemLIm:
  nice

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This partnership will also allow UPS to leverage the extensive network of Jumia drop-off and pick-up stations to expand the UPS reach and coverage across more towns and cities in Africa. The collaboration will initially cover Kenya, Morocco, Nigeria, with plans for expansion to Ghana and Ivory Coast, and thereafter to the remaining African countries where Jumia operates.\"At the beginning of our journey, 10 years ago, logistics infrastructure was one of the most challenging aspects of our operating environment. This challenge was a catalyst for us to build an unparalleled logistics platform in Africa offering our sellers and consumers reliable, convenient and cost-effective delivery services. Today, we are helping other businesses overcome these infrastructure challenges by giving them access to our logistics platform. We are delighted and humbled by the opportunity to partner up with UPS, a global logistics leader, to offer them last mile solutions in Africa. We view this as a validation of the strength of our logistics platform as well as an incentive to double down on our efforts to further enhance our services and build a world-class logistics business in Africa,\" said Apoorva Kumar, Senior Vice President Logistics, Jumia.\"This partnership will help small and medium-sized businesses in Africa that make up 90 percent of all businesses on the continent and are the backbone of the economy. 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