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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 – …
Africa eShop

DHL partners with MallforAfrica to offer new online retail app

DHL is the latest company to try to offer a window for retailers to sell into African markets. The logistics company has partnered with MallforAfrica to launch its Africa eShop app in 11 countries, providing a platform for more than 200 …
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. …
Dairibord Malawi ponders exit

Zimbabwe’s Dairibord set to exit Malawi by June 2019

Dairibord Holdings Limited Zimbabwe (DHL), which owns 60% of Malawi Dairy Industries, is set to exit by June 2019. The move follows growing losses reported in the unit, which increased by 17% to $700,000 in 2018. The company is in talks with …

Shoprite

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Walmart

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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. …

Spar

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Fast Food Malawi

The Top Fast Food Chains in Malawi

Trendtype data on the leading fast food chains in Malawi. 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.
Savemart Supermarket Malawi

Farmers World rebrands and opens new Savemart in Malawi

Farmers World, the Malawi-based agribusiness, announced a rebranding to its image in order to enhance its visibility among the general public. Although the company guaranteed that its business focus was not changing, it announced the opening of a new Savemart …