E-commerce company Jumia on Monday announced the opening of two new integrated warehouses: a 30,000 square metre facility in Isolo, Lagos and a 5,000 square metre facility in Bouskoura, near Casablanca, Morocco.
The company said in a statement that the openings signify a major step forward in its commitment to enhancing its logistics capabilities and commitment to providing its customers with the best possible shopping experience.
The shift to single, integrated warehouses and logistics network facilities in Lagos will allow for significant scale-up of operations and improvements in efficiency, cost savings, and delivery times, it added.
The move is seen as a cost-cutting measure as the company now operates a single integrated warehouse in Lagos. The company’s shares soared 43.26% in the last month as investors respond positively to its effort to increase revenue and cut cost.
Jumia announced that it reduced its operating loss to $8.33 million in the first quarter of the year while its revenue rose to $48.9 million.
“We are excited to open these new integrated warehouses in Morocco and Nigeria. The centralized locations of both facilities will help streamline order processing and ensure rapid and efficient delivery in both countries, while enabling Jumia to scale its operations and be better equipped to meet the growing demand for e-commerce in Africa,” Francis Dufay, CEO of Jumia, said.
“More importantly, both warehouses will provide economic benefits to the local community, driving economic growth as well as employment opportunities for local talent.”
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Jumia is a leading pan-African e-commerce platform, with operations across 11 African countries. Its platform consists of a marketplace, which connects more than 64,000 sellers with customers, a vast logistics network, which enables the shipment and delivery of packages, and a proprietary payment service, JumiaPay, which facilitates transactions among participants active on the Jumia platform in select markets.
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