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Jumia logo

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 …
Fimabio

Organic foods take off in Morocco but premium retailing stutters

According to Fimabio, the Moroccan industry association for organic farmers, organic food production reached 94,500 tonnes in 2018. This was mainly fruits and vegetables, of which 16,000 tonnes (17%) was exported. Land given over to organic farming was up 16% …

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. …
H&S Invest Holding

Amethis sells its 29% stake in Moroccan FMCG distributor Dislog

Fund manager Amethis has sold is 29% stake in Moroccan FMCG distributor Dislog Group. It has owned the stake since 2014 through its investment vehicle Amethis Maghreb. The shares have been sold back by H & S Invest Holding, owned by …

Bim

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Carrefour

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Casino

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Holding Ynna

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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. …
Pathe logo

Pathé cinema lands in Tunisia and Morocco, set to partner with Marjane

French cinema chain Pathé has launched in Tunisia and set to open shortly in Morocco. In Morocco Pathé has partnered with Marjane Holdings, a leading supermarket retailer. Pathé cinema launched its Pathé Tunis City multiplex- its first in Africa – on the …
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 Morocco

The Top Fast Food Chains in Morocco

Trendtype data on the leading fast food chains in Morocco. 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.