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 …

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 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 …

The company has noted that its three most popular R5 ($0.35) meals are: Large igwinya/vetkoek (deep fried bun) – R3 ($0.21) Fried egg & tomato sandwich – R4 ($0.28) Hot dog – R3.50 ($0.25) Consumer confidence in South Africa was …

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. …

Spear Capital, a Norwegian-South African private equity fund, has invested $4.5m for 40% equity in South African meat processing company Peries Foods. The deal values the company, which specialises in chicken, at $11.25m, will help fund expansion across sub Saharan Africa. …

Distell delivers impressive FY2018 results but warns that it faces an uphill battle in South Africa, which accounts for 3/4 of its revenues. Distell’s CEO has also indicated that it sees Ethiopia, Nigeria and Zimbabwe as key focus markets. Highlights Revenue …