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Chinese discounter Miniso set to open in Ghana, its 9th country in Africa
Chinese discount general merchandise retailer Miniso is set to open 10 stores in Ghana over the next three years – its ninth African market. The initial stores will launch in Accra in Q3 2019, with Kumasi and Takoradi key targets …
Pick n Pay’s great results in South Africa but weak international expansion
Pick n Pay’s FY2019 results confirm CEO Richard Brasher’s impressive turnaround job. Like for like turnover up 4.8% in a tough market. Profit margin up from 2.4% to 2.8%. Profit before tax up 17.1% from R1,768.1m ($121.9m) to R2,073.2m ($143.0). Pick n Pay’s …
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 …
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