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Jumia Surges on US Debut as Africa’s Amazon Goes Public

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

Jumia Technologies AG shares soared by 54 percent on their first day of trading in New York, as investors rushed to buy into the company’s plans to extend online shopping services across Africa. The stock traded at $22.40 as of 12:27 p.m. local time on Friday, valuing the company at more than $1.7 billion. Jumia…

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