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Senegalese bakery chain O’Merveilles uses crowdfunding to launch
Senegalese investment company M & A Capital’s new bakery chain, O’Merveilles, has raised 40% of the capital it needs to launch its first three outlets. It has just opened two stores in Touba, Central Senegal. A third store is due …
CFAO launches Carrefour’s Supeco discounter banner in Senegal
CFAO has launched its first Supeco discounter/cash and carry store in Dakar just months after launching its first Carrefour supermarket in Senegal. The new store, in the shell of the iconic El Mansour cinema building, is an innovative addition to …
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 – …
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 …
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