Angola
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Nigeria replaces Angola as Shoprite’s weakest link
South African grocery retailer Shoprite continues to struggle in sub-Saharan Africa (SSA), with Nigeria replacing Angola as its worst performing market in the region. While sales in Angola are now almost stable, declining at an annual rate of 1.9% in constant-currency terms during the six months to December 2019, Nigerian sales plunged 8.1% over the
12th March 2020
Categories: SagaRetail News - Supermarkets - Shoprite - Angola - Uncategorised - Nigeria
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Sagaci Research relaunches the KFC Index
En francais ci-dessous Kwa lugha ya Kiswahili hapa chini KFC Index identifies Central African CFA Franc as the most overvalued currency in Africa Sagaci Research, the leading independent pan-African market research and market intelligence firm, has released its “KFC Index” for January 2020. This twice yearly index utilises the prices of KFC chicken buckets in
31st January 2020
Categories: SagaRetail News - Lesotho - Egypt - Ghana - Angola - Cote d'Ivoire - Gabon - Kenya - Morocco - Mozambique - Nigeria - Senegal - Sudan - Tanzania - Tunisia - Uganda - Zambia - Zimbabwe - South Africa - Ivory Coast
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Shoprite stabilises sales in sub-Saharan Africa
South African retailer Shoprite, the largest operator of supermarkets in sub-Saharan Africa (SSA), saw the annual rate of decline in its sales in that region slow from -4.9% to -1.5% between Q3 and Q4 of 2019. During the period July-December (the first half of its financial year), sales declined by 3.1%, to ZAR10.8 billion (USD736
29th January 2020
Categories: SagaRetail News - Angola - Nigeria - Zambia
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Does Shoprite see a future in Angola?
Shoprite is considering the closure of some underperforming stores in its international markets. It currently operates almost 250 supermarkets in 14 African countries outside of its native South Africa, making it the largest grocery retail chain in sub-Saharan Africa (SSA). During its 2019 financial year (the 12 months to June 2019), these markets, particularly Angola,
7th November 2019
Categories: SagaRetail News - Retail - Supermarkets - Shoprite - Angola
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A ray of sunshine in Angola’s gloomy grocery retail market
Amid a prolonged recession and persistent double-digit inflation, the Angolan market is in bad shape at the moment (just ask Shoprite). However, there is one domestic player that has bucked the downward trend, exhibiting strong growth over recent years. The retailer in question is Mega Cash & Carry, which operates just two outlets – in
4th November 2019
Categories: SagaRetail News - Retail - Supermarkets - Angola
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Need a goat in a hurry? This Angolan start-up will deliver it to your door – still bleating
The on-demand delivery segment is hotting up in Africa, with Spanish company Glovo commencing operations in Kenya and Morocco recently and Angolan player Tupuca exhibiting strong growth. Based in Luanda, the latter was founded by four friends in 2015 and now has 140 drivers making 17,000 deliveries a month, with an average order value of
27th February 2019
Categories: SagaRetail News - Retail & Shopping Malls - Angola
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Angola remains Shoprite’s sore spot
Shoprite has reported that sales (denominated in South African rand – ZAR) in its supermarkets outside of its native South Africa plunged 13.3% year-on-year during the second half of 2018. In constant currency terms (excluding the effect of foreign currency fluctuations), they were flat – rising by 0.1%. Angola, a petro-economy wracked by weak oil
5th February 2019
Categories: Retail & Shopping Malls - Angola - Nigeria - Zambia
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Zara’s one-size-fits-all approach to African e-commerce
On November 7th, Spanish fast-fashion retailer Zara announced that it was to commence online sales in 106 new markets, including many African ones, the next day. The African countries covered by this initiative include Angola, Côte d’Ivoire, Ghana and Senegal. All of these countries will be covered by a single global website that is available
16th November 2018
Categories: SagaRetail News - Retail & Shopping Malls - Ghana - Angola - Cote d'Ivoire - Senegal
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Less than half of Angolans use their phones to browse the internet
Our July Omnibus survey asked Angolans about their mobile phone habits. Over 80% of respondents said they had at least one mobile phone, with Samsung the most popular brand. Nokia ranked second, while Huawei was found to be the most popular Chinese brand.
28th September 2018
Categories: Angola
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Angolan turbulence weighs on Shoprite
The poor performance of its Angolan operations weighed heavily on the international sales of South African supermarket chain Shoprite during the 12 months to June 2018. In rand terms, Shoprite supermarkets outside of South Africa saw turnover decline by 7.0%. Excluding Angola, Shoprite´s international supermarkets saw sales growth of 3.0% year-on-year. In Angola, a “normalisation
2nd August 2018
Categories: SagaRetail News - Retail & Shopping Malls - Angola