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Jumia has tripled in value within one week. We look at why.

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 …

Remittances to Africa rose by 11.7% to $86bn in 2018

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 – …
AfCFTA Ratified

The Africa Continental Free Trade Agreement is set to come into force

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. …
Mastercard logo

Mastercard invests $56m in Jumia ahead of IPO

Mastercard has agreed to invest €50m($56m) in Jumia in a private placement ahead of the African online retailer’s IPO in New York. It joins Pernod Ricard, Rocket Internet and MTN as an investor. The Pernod Ricard deal, which saw it acquire …

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Carrefour

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Système U

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CDCI

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Casino

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Vivo Energy

Vivo Energy finalises its acquisition of Engen service stations

Vivo Energy, which operates the Shell service station franchise in Africa, has finalised its acquisition of Engen service stations. The purchase means that Vivo adds almost 10% more service stations to its network, but crucially opens up eight new country markets. …
Pernod Ricard

Pernod Ricard invests in Jumia, forms strategic partnership

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 …
Fast Food Cote d'Ivoire

The Top Fast Food Chains in Côte d’Ivoire

Trendtype data on the leading fast food chains in Côte d'Ivoire. Our unique data identifies every fast food, casual dining and coffee shop chain and allows users to search by cuisine, location, chain and brand owner.
Carrefour Jumia

Carrefour signs deals with online retailer Jumia in West Africa and Kenya

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 …