Cote d’Ivoire
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CFAO opens third Cash & 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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Middle Eastern investment to strengthen the logistical backbone of African retail
In a move that could make it easier for retailers operating locally to import stock, Agility Africa, a subsidiary of Kuwait-based logistics company Agility Public Warehousing Co., is planning to open warehouse parks in Abidjan, Lagos, and Maputo by mid-2020. Each of these facilities will cost around USD200 million. It is also considering projects in
8th October 2019
Categories: SagaRetail News - Cote d'Ivoire - Mozambique - Nigeria
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Retail Holding buys out partners in CDCI
Private-equity fund Amethis and Ivorian-Lebanese entrepreneur Yasser Ezzedine have sold their stakes (25% and 40%, respectively) in CDCI (Compagnie de Distribution de Côte d’Ivoire) to Morocco-based Retail Holding, giving the latter full ownership of the Ivorian chain. CDCI is the second-largest player in Ivorian grocery retail, behind Prosuma. Financial terms were not disclosed. In 2014, Retail Holding,
3rd October 2019
Categories: SagaRetail News - Retail - Supermarkets - Cote d'Ivoire
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Jumia crowds out smaller rivals in West African e-commerce
Yaatoo and Afrimarket have both thrown in the towel, reinforcing Jumia’s dominance of this nascent market. Côte d’Ivoire-based retailer Groupe Prosuma pulled the plug on Yaatoo, its e-commerce division. Doungnan Coulibaly, who led Yaatoo, told local media that Prosuma’s shareholders were not prepared to provide additional funding for the venture. Launched in 2016, Yaatoo has
19th September 2019
Categories: SagaRetail News - Retail - Cote d'Ivoire
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Retail Holding raises capital to expand and modernise Ivorian subsiduary
Morocco-based Retail Holding has raised MAD600 million (USD62 million) from the private placement of a five-year bond in order to consolidate its control of Ivorian wholesaler and retailer CDCI and fund its expansion and modernisation. This comes after reports in the Ivorian media earlier this year that CFAO (Carrefour’s franchisee in francophone West Africa, which
19th August 2019
Categories: SagaRetail News - Retail & Shopping Malls - Cote d'Ivoire - Morocco
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GBH raises its profile in Africa with Casino deal and Côte d’Ivoire entry
On July 22nd, Groupe Casino announced that it had agreed a deal to sell its Indian Ocean subsidiary Vindémia to GBH (Groupe Bernard Hayot) for €219 million. Vindémia operates hypermarkets, supermarkets, cash and carry outlets, and convenience stores in Reunion Island, Mayotte, Madagascar, and Mauritius – a total of 185 stores with a sales area
23rd July 2019
Categories: SagaRetail News - Retail & Shopping Malls - Cote d'Ivoire
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Prosuma’s new foodservice concept reflects growing popularity of deli counters in African supermarkets
During early July, Ivorian grocery chain Prosuma launched Snack & Go in the Casino 2 Plateau mall in Abidjan. A stand-alone venue selling such fare as sandwiches, pizza slices, soft drinks, and fresh juices, Snack & Go is a hybrid deli/fast-food concept and natural extension of the deli counters and in-store cafés that Prosuma already
15th July 2019
Categories: Foodservice - Retail & Shopping Malls - Cote d'Ivoire - Kenya
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Jumia’s losses narrow on strong sales growth
Gross merchandise volume (GMV) at Africa-focused internet retailer Jumia, which floated on the NYSE two months ago, stood at €240 million during the first three months of 2019, up 58% year-on-year. GMV is the total value of merchandise sold through its marketplace, including third-party sales. Adjusted EBITDA loss as a percentage of GMV narrowed from 19.8%
13th June 2019
Categories: SagaRetail News - Egypt - Retail & Shopping Malls - Cote d'Ivoire - Kenya - Nigeria
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Ghana and Nigeria next up for Glovo, as supermarket deliveries drive growth in Abidjan
Having received €150 million in a recent funding round, Spanish delivery company Glovo is now targeting additional African markets. It has commenced operations in three African countries (Morocco, Kenya, and, most recently, Côte d’Ivoire) over the past 12 months and is seeking to expand into Ghana and Nigeria before the end of this year. Supermarket
15th May 2019
Categories: Foodservice - SagaRetail News - Retail & Shopping Malls - Ghana - Cote d'Ivoire - Nigeria
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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