Jumia’s IPO saw its share price rose by 75% on Day 1. Shares were priced at $14.50 before the IPO. Five days later they are trading at $43, valuing the business at more than $3bn. What are the company’s prospects …

If remittances to Africa were an economy, they would be the 6th largest in Africa, ahead of Kenya in the rankings. Within Africa, the largest recipient of remittances is Egypt ($29bn) – equivalent to almost 12% of its GDP. Note – …

The Africa Continental Free Trade Agreement (AfCFTA) has now been ratified by 22 countries, meeting its minimum threshold to come into force. It will create the world’s largest free trade zone, covering 1.2bn people and a combined GDP of $2.5 trillion. …

French wine and spirits company Pernod Ricard has invested in the leading African online retailer, Jumia. The two companies will form a strategic partnership to improve Pernod Ricard’s distribution in African markets. For Pernod Ricard, Jumia’s 14 country coverage, online …

As we come to a close in 2018, Trendtype looks back on the major news and events of the year across retail and consumer markets in Africa and makes some forecasts for 2019. The headlines: Nigeria is recovering and will …

French supermarket giant Carrefour has signed a deal with leading African online retailer Jumia in Cameroon, Côte d’Ivoire, Senegal and Kenya. The agreement means that Carrefour products will be distributed via Jumia platform. Jumia and Carrefour have signed an agreement for the …