Cameroon
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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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Jumia pulls the plug on Cameroon and Tanzania
On November 17th, pan-African internet retailer Jumia ceased operations in Cameroon. In a statement, the company said that “We came to the conclusion that our transactional portal as it is run today is not suitable to the current context in Cameroon.” Before the end of the month, it had also exited Tanzania. According to company
25th November 2019
Categories: SagaRetail News - Africa - Retail & Shopping Malls - Cameroon
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Still burning cash, Jumia positions itself as an online bridge to Africa
Africa-focused internet retailer Jumia saw its revenue rise at an annual rate of 19.4% during Q3 2019, to €40.1 million, while its operating loss widened by 34.6%, to €54.6 million. Gross merchandise volume (the total value of orders, including those of third parties using its platform, before the deduction of any discounts or vouchers and
14th November 2019
Categories: SagaRetail News - Retail - Africa - Egypt - Retail & Shopping Malls - Ghana - Algeria - Cameroon - Cote d'Ivoire - Kenya - Nigeria - Senegal - Tunisia - South Africa - Ivory Coast
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CFAO opens a third cash and carry in Senegal
CFAO recently opened its third Supeco outlet in the Dakar suburb of Golf Sud. The banner debuted in the local market in April this year and a second store was added in September – both of which are also located in the Senegalese capital. Previously, CFAO had operated a single Carrefour Market in Senegal. It
6th November 2019
Categories: SagaRetail News - Supermarkets - Carrefour - Retail & Shopping Malls - Cameroon - Cote d'Ivoire - Senegal
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Spar doubles down on Cameroon
Spar Cameroon has opened three new Express outlets, with sales areas ranging from 60m² to 200m², doubling its store count in the country. All of these new outlets are located in the capital Yaoundé. A 110m² outlet located in an Ola Energy garage forecourt in the suburb of Messassi targets “middle income” consumers, according to
10th October 2019
Categories: SagaRetail News - Cameroon
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Jumia IPO gives a peek under the hood of African e-commerce
As had been widely anticipated (see our previous story), Jumia is to list on the New York Stock Exchange. Founded in 2012 by Berlin-based Rocket Internet (which currently holds a 20.6% stake), Jumia is part-owned by telecommunications companies MTN (29.7%) and Millicom International Cellular (9.6%), insurance company AXA (5.8%), and alcoholic drinks giant Pernod Ricard
14th March 2019
Categories: SagaRetail News - Consumer - Egypt - Retail & Shopping Malls - Ghana - Algeria - Cameroon - Cote d'Ivoire - Kenya - Morocco - Nigeria - Rwanda - Senegal - Tanzania - Tunisia - Uganda - South Africa - Ivory Coast
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CFAO pivots from hypermarkets to hybrid-markets in West Africa
Multinational conglomerate CFAO has brought the Carrefour brand to Senegal, opening a 1,800m² Carrefour Market in Dakar, what head of CFAO Retail Jean-Christophe Brindeau described as a “soft launch.” Brindeau also signalled a shift in CFAO’s West African strategy away from hypermarkets and towards a new hybrid banner. CFAO is planning to bring the Supeco
24th January 2019
Categories: SagaRetail News - Retail & Shopping Malls - Ghana - Cameroon - Cote d'Ivoire - DR Congo - Gabon - Nigeria - Senegal
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Carrefour adds clicks to its bricks
Carrefour franchisee Majid Al Futtaim has signed an agreement with online retailer Jumia to offer online shopping in Kenya from the beginning of next year. Simultaneously, CFAO, the French retailer’s franchisee in Francophone West and Central Africa, will also sell its products on Jumia’s online platform in Cameroon, Côte d’ivoire, and Senegal. According to Frank
11th December 2018
Categories: SagaRetail News - Consumer - Retail & Shopping Malls - Cameroon - Cote d'Ivoire - Kenya - Senegal
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The Sagaci Omnibus surveys reach Ethiopia and Senegal in March, and Ivory Coast, Cameroon and DR Congo in April
Having expanded our coverage to include 13 different countries in Africa, we continue to run the Sagaci Omnibus with great success. Our next waves of Omnibus surveys feature: March 2nd: Ethiopia and Senegal April 13th: Ivory Coast, Cameroon and DR Congo The Sagaci Omnibus is a fast and cost-effective way to reach consumers in a number of
22nd March 2018
Categories: Corporate news - Cameroon - Cote d'Ivoire - DR Congo - Ethiopia - Senegal
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Sagaci Omnibus continues to run: next waves in Ivory Coast, Cameroon and DR Congo
Sagaci Research’s Omnibus surveys continue to run across the continent. Our next wave of syndicated consumer survey reaches Ivory Coast, Cameroon and DR Congo in October. We are accepting confirmations by October 13th. Remember: The Sagaci Omnibus is a fast and cost-effective way to reach consumers in those countries. You define your questions, and these are
20th December 2017
Categories: Consumer - Retail & Shopping Malls - Telecom - Construction & Real Estate - Travel & Tourism - Financial Services - Industrial Goods - Cameroon - Agriculture - Cote d'Ivoire - Automotive - DR Congo - Distributors - Pharmaceuticals