Egypt
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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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Glovo and Delivery Hero fall foul of Egyptian regulators
The efforts of delivery services Delivery Hero and Glovo to carve up African markets between them are not going down well with some local regulators. In June, Barcelona-based Glovo abruptly reversed its April decision to leave the Egyptian market, which it had entered the previous year. This had left Berlin-based market leader Delivery Hero in
5th July 2019
Categories: Egypt - Retail & Shopping Malls
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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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MAF unveils ambitious growth plans for Carrefour banner in Egypt
UAE-based Carrefour franchisee Majid Al Futtaim (MAF) is ramping up its presence in Egypt. In April, it unveiled ambitious plans to open 20 new stores by the end of this year, which would bring the total number of Carrefour stores in this market to 60. In the longer term, it is planning to increase the
30th April 2019
Categories: SagaRetail News - Egypt - Retail & Shopping Malls
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MAF sees Kenyan Carrefour sales soar and eyes new markets
UAE-based Carrefour franchisee Majid Al Futtaim (MAF) saw its Kenyan sales rise by 71% during 2018, to AED506 million (USD137.8 million). MAF currently operates seven stores (six hypermarkets and one supermarket) in Nairobi. Nairobi’s eighth Carrefour store (another hypermarket) is due to open later this year in the premises formerly occupied by Nakumatt along the
9th April 2019
Categories: Egypt - Retail & Shopping Malls - Kenya - Uganda - South Africa
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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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High noon in Egyptian e-commerce
Noon, an internet retailer that debuted in Saudi Arabia and the UAE in 2017, recently launched a beta version of its website in Egypt. Backed by USD1 billion in investment from Saudi Arabia’s Public Investment Fund and a number of private individuals in the Gulf region, it currently sells products in Egypt across five categories:
27th February 2019
Categories: SagaRetail News - Egypt - Retail & Shopping Malls
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Emirati hypermarket chain goes long on Egypt
UAE-based hypermarket chain LuLu is planning to open four new outlets in Egypt. Lulu currently has a single store in Egypt and 153 others across the Middle East and Asia. Selling everything from FMCG to home appliances, homewares and apparel, it was founded in 2000 by Indian national M.A. Yusuff Ali, who is its chairman
21st November 2018
Categories: SagaRetail News - Egypt - Retail & Shopping Malls
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Miniso’s mighty plans
Variety store chain Miniso, which sells inexpensive homewares and novelty items, is rapidly expanding its presence in African malls. It currently has stores in Egypt, Kenya, Madagascar, Morocco, Nigeria, South Africa and Tanzania and big expansion plans.
4th September 2018
Categories: SagaRetail News - Consumer - Egypt - Retail & Shopping Malls - Distributors - Kenya - Morocco - Nigeria - South Africa
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The Sagaci Omnibus surveys reach Egypt and Ghana this month, and Ethiopia and Senegal in March. Don’t miss out!
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: January 26th: Egypt and Ghana March 2nd: Ethiopia and Senegal The Sagaci Omnibus is a fast and cost-effective way to reach consumers in a number of countries. You define
24th January 2018
Categories: Egypt - Ghana - Corporate news - Ethiopia - Senegal