Ghana
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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
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Sagaci Insights: SagaIncome and Socio-Demographics
Finding accurate data on household income in Africa can be challenging due to such factors as inadequate national statistics and bouts of monetary instability. At Sagaci Research, we have leveraged our on-the-ground network, which conducts some 600,000 survey interviews annually, to create a more robust alternative – SagaIncome. Covering five of the continent´s most important cities (Accra, Dakar,
23rd May 2018
Categories: Consumer - Ghana - Sagaci Insigths - Kenya - Nigeria - Senegal - South Africa
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Sagaci Insights: Financial Services in Ghana, Kenya, Nigeria and South Africa
We recently published a series of reports covering the retail banking markets in Ghana, Kenya, Nigeria and South Africa, as well as a broader regional study covering all four countries. These provide data and insight on the penetration rates of financial products, the market for consumer credit and the competitive landscape. What is the penetration rate of financial
4th May 2018
Categories: Consumer - Ghana - Financial Services - Kenya - 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