Jumia shares rise as the company’s e-commerce business revs up in Q2

African e-commerce giant Jumia reported its second-quarter financial performance today. In the wake of its financial reporting this morning, Jumia’s shares climbed sharply, gaining more than 15% in early trading to $8.12 per share and bumping slightly to $8.30 per share at the time of publication. 
What drove its stock higher? Jumia showed growth across most performance metrics in the second quarter, including revenue that topped expectations.
The company’s performance indicators appreciated by double digits compared to the same quarter last year across active users, orders, GMV an

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