https://techcrunch.com/2022/08/10/jumia-shares-rise-as-the-companys-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.