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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. …

Ceca Gadis

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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. …
Gabon fast food

The Top Fast Food Chains in Gabon

Trendtype data on the leading fast food chains in Gabon. 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.
KFC logo

KFC set to enter Gabon in early 2019

Yum! Brands’ KFC fried chicken franchise is set to open its first outlet in Gabon in early 2019, nine months after the franchise’s arrival in Côte d’Ivoire. Trendtype also expects Pizza Hut to follow it in within twelve months. KFC is …
grocery retail Gabon

Grocery retail sector hurt by economic performance in Gabon

The grocery retail sector continues to feel the consequences of the economic crisis in Gabon, despite recovery signs reported by the IMF. Data from the main retailers and manufacturers shows a decrease of almost 9% in sales with non-food preventing …