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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. …

Tuskys

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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. …
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 Uganda

The Top Fast Food Chains in Uganda

Trendtype data on the leading fast food chains in Uganda. 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.
KenolKobil

KenolKobil announces expansion in Uganda and Rwanda

Kenyan oil company KenolKobil has announced that it has acquired 33 petrol stations from Caribbean-based multinational Delta Petroleum for an undisclosed value. The additional 23 petrol stations in Uganda and 10 in Rwanda take KenolKobil’s total outlets to 56 and …
PK Gum Wrigleys

Kenya’s trade war with Tanzania shows no sign of abating

Kenyan confectionery exports fell by KSh136m ($1.35m) in the six months ended June compared to the same period in 2017 – the result of an ugly trade war that has seen Tanzania and Uganda put a 25% tax on imported …