Ghana
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South African REIT seeks to exit six sub-Saharan malls
South African real estate investment trust (REIT) Hyprop Investments and its partners Attacq and Atterbury Group are seeking a buyer for the six malls they own in sub-Saharan Africa. Hyprop has an interest in four Ghanian malls (Accra, West Hills, and Achimota in the capital, as well as Kumasi City), in addition to Ikeja City
4th June 2019
Categories: SagaRetail News - Retail & Shopping Malls - Ghana - Nigeria - Zambia
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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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Ghanian healthcare upstart to acquire Kenyan pharmacy chain
Ghanaian start-up mPharma is set to gain a controlling interest in Kenyan pharmacy chain Haltons in an unusual deal – fledgling startups are usually acquired by established businesses, rather than vice-versa. Halton’s was founded in 2007 and currently operates around a dozen outlets, most of which are located in Nairobi. Founded in 2013, mPharma aims
4th April 2019
Categories: SagaRetail News - Ghana - Pharmaceuticals - Kenya
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Vivo Energy accelerates its drive into non-fuel retail
Vivo Energy, which is based in the Netherlands and (following its recent 2019 takeover of Engen) now operates more than 2,000 service stations in 23 African countries, continues to expand its presence in non-fuel retail. During the first half of 2018, non-fuel retail accounted for 5% of its gross cash profit (USD10.9 million, up 22%
18th March 2019
Categories: SagaRetail News - Retail & Shopping Malls - Ghana - Kenya - Morocco - Namibia
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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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Pernod Ricard takes a swig of Jumia
French alcoholic drinks group Pernod Ricard has acquired an unspecified stake in Africa-focused internet retailer Jumia. Terms have not been disclosed. Jumia is owned by Rocket Internet, MTN, AXA, Goldman Sachs, Orange and CDCI, and, as previously discussed, it likely to have an IPO this year. Pernod Ricard owns such brands as Absolut Vodka, Beefeater
21st January 2019
Categories: SagaRetail News - Consumer - Retail & Shopping Malls - Ghana - Kenya - Nigeria
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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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Go small or go home
Pick N Pay CEO Richard Brasher sees smaller stores as key to the South African supermarket chain’s international growth strategy. “There’s a big opportunity in the rest of Africa for things that are smaller, with tighter ranges and more efficient … and if we look further afield, whether its East or West Africa [the retailer
25th October 2018
Categories: SagaRetail News - Lesotho - Swaziland - Consumer - Retail & Shopping Malls - Ghana - Botswana - Nigeria - Zambia - Zimbabwe - Namibia
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Yum! Brands expands its restaurant chains in Africa
KFC has arrived in Côte d’Ivoire, opening its first outlet in Abidjan during April. Meanwhile, another subsidiary of Yum! Brands, Pizza Hut, has entered the Tanzanian market, opening a restaurant in Dar Es Salaam. But not everyone is happy about the spread of fast food in Africa. Speaking to the New York Times newspaper in November
27th June 2018
Categories: Foodservice - SagaRetail News - Consumer - Retail & Shopping Malls - Ghana - Corporate news - Cote d'Ivoire - Tanzania - Ivory Coast