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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 – …
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. …
Distell reports strong growth in Africa, focus on Ethiopia, Nigeria and Zimbabwe
Distell delivers impressive FY2018 results but warns that it faces an uphill battle in South Africa, which accounts for 3/4 of its revenues. Distell’s CEO has also indicated that it sees Ethiopia, Nigeria and Zimbabwe as key focus markets. Highlights Revenue …
The Top Supermarket Chains in Ethiopia
This report provides 50 pages of the most up to date analysis of the leading supermarket chains in Ethiopia. This report analyses Trendtype’s proprietary research on the emerging supermarket sector and its key players, challenges for operators and brand owners, and our forecasts on the future development.
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