Angola
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Hard discounters capitalise on Covid-19 to gain market share
Supeco, Carrefour’s hard discount format, is thriving in francophone West Africa, according to local franchisee CFAO. “Our Supeco format exploded with Covid-19,” Jean-Christophe Brindeau, general manager of CFAO Retail, told website Jeune Afrique recently. CFAO franchises the Carrefour and Supeco banners in Senegal, Côte d’Ivoire, and Cameroon. “In these stores, average monthly turnover has risen
3rd July 2020
Categories: SagaRetail News - Carrefour - Supeco - Côte d'Ivoire - CFAO - Retail & Shopping Malls - Angola - Cameroon - Senegal
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Isabel dos Santos’ Angolan hypermarket chain to close half of its stores
Angolan chain Candando, a subsidiary of Contidis Group, is to close three of its six outlets. It has struggled to import products since its Portuguese bank accounts were frozen in January 2020 at the request of the Angolan Attorney General. The latter is pursuing Isabel dos Santos, the owner of Contidis Group, on charges of
10th June 2020
Categories: SagaRetail News - Retail - Supermarkets - Angola
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A shopping revolution: Covid-19 is a catalyst for e-commerce in Africa
Even before the current crisis, interest in online shopping was on the rise in Africa, albeit from a very low base. As recently as December 2019, a Sagaci Research survey found that 12% of Nigerian consumers had used the internet to shop online during the previous four weeks. In Kenya and Tanzania, this figure stood
14th May 2020
Categories: Blog - Retail - Supermarkets - Africa - Consumer - Retail & Shopping Malls - Angola - Uncategorised - Cote d'Ivoire - Kenya - Nigeria - Senegal - Zambia
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Shoprite closes Nairobi supermarket, as Covid-19 restrictions hammer mall foot traffic
South African retailer Shoprite has closed a supermarket in Nairobi’s Waterfront mall due to a significant decrease in foot traffic arising from the Covid-19 outbreak, which has seen a dusk-to-dawn curfew imposed in Kenya. Shoprite entered the Kenyan market in December 2018, and the closure of its Waterfront store leaves it with three outlets in
21st April 2020
Categories: SagaRetail News - Retail - Shoprite - Retail & Shopping Malls - Angola - Kenya - Nigeria
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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