Kenya
-
How Covid-19 has changed Kenyan drinking habits
Kenyan drinkers are consuming more spirits and less beer as a result of Covid-19 restrictions, according to regional market leader East African Breweries (EAB), in which Diageo has a majority stake. With Kenyan president Uhuru Kenyatta citing young people going out and consuming alcohol as a factor in the spread of Covid-19, sales of alcoholic
16th September 2020
-
Sagaci Research publishes Tuskys Retailer Research Report 2020
Can Tuskys survive, or is it likely to become just another tombstone in the graveyard of Kenyan grocery retail, alongside the likes of Nakumatt, Choppies, and Shoprite? This Retailer Research Report provides a detailed analysis of Tuskys’ development, ownership, management, operations, store network, and growth strategies in order to provide a comprehensive review of the
16th September 2020
Categories: SagaRetail News - Retail - Tuskys - Retail & Shopping Malls - Kenya
-
Shoprite confirms Kenya exit
In a move that will surprise few, South African supermarket chain Shoprite has revealed that it is to exit the Kenyan market. It opened its first store in this market during December 2018 and had four (three in Nairobi and one in Mombasa) by the end of last year. However, this year it has closed
8th September 2020
Categories: SagaRetail News - Retail - Supermarkets - Shoprite - Kenya
-
“The Lord will not allow Tuskys to die!”
While its chief rivals Naivas and Quickmart both opened new outlets during July, Tuskys, Kenya’s second largest grocery retailer, has struggled to pay suppliers and landlords and keep its shelves stocked. The Standard newspaper reports that the chain’s sales fell by 35% during April and May. During mid-July, it was revealed that New Kenya Cooperative
3rd August 2020
Categories: SagaRetail News - Retail - Supermarkets - Tuskys - Kenya - Uganda
-
Chastened Choppies retreats home to licks its wounds
Choppies has finally released its much delayed full-year results for 2019 (the 12 months to June 2019), as well as its half-year results for the six months to December 2019. These delays followed an accounting scandal that arose from related-party transactions and various misstatements, which saw it replace its auditors on two occasions and trading
31st July 2020
Categories: SagaRetail News - Retail - Supermarkets - Choppies - Botswana - Kenya - Mozambique - Tanzania - Zambia - Zimbabwe - South Africa - Namibia
-
The latest KFC Index shows that Southern African currencies remain the continent’s most undervalued
The Zimbabwean dollar (ZWD) is currently the most overvalued currency in Africa, according to Sagaci Research’s KFC Index for Q2 2020, which is based on data collected during June. The index utilises the price of KFC chicken buckets in different countries to estimate US dollar (USD) exchange rates for African currencies. These “implied” rates are then
10th July 2020
Categories: Foodservice - Swaziland - Blog - Egypt - Ghana - Uncategorised - Botswana - Cote d'Ivoire - Gabon - Kenya - Morocco - Nigeria - Rwanda - Senegal - Tanzania - Tunisia - Uganda - Zambia - Zimbabwe - South Africa
-
As Tuskys flounders, three of its rivals open new stores
Tuskys may be struggling, but its smaller rival Quickmart continues to expand rapidly in Nairobi. Meanwhile, Carrefour and Chandarana Foodplus also opened new outlets during June. The Competition Authority of Kenya initiated an investigation into Tuskys after it fell behind on supplier payments (according to media reports, it owes them KES1.3 billion – USD12.1 million),
30th June 2020
Categories: SagaRetail News - Retail - Supermarkets - Africa - Shoprite - Carrefour - Supermarket - Quickmart - Retail & Shopping Malls - Kenya
-
Covid-19 disruption exposes supply-chain weaknesses, driving up food prices in sub-Saharan Africa
Many African countries have seen substantial increases in food prices over the past couple of months. In Nigeria, the annual rate of food price inflation hit a two-year high of 15.0% during May. Local newspaper The Guardian noted a surge in wholesale prices: “A 50kg bag of rice that sold for NGN18,000 (USD47) is now
16th June 2020
Categories: SagaRetail News - Retail - Kenya - Nigeria
-
How is Covid-19 impacting Kenyans?
A SagaPoll survey conducted online in Kenya during May has found that almost two-thirds of respondents were “extremely worried” by Covid-19, with more than half fearful of a decline in their income. A third said they had skipped meals, while another quarter said they were eating less. Meanwhile, economic uncertainty has driven a sharp decline
26th May 2020
-
A shopping revolution: Covid-19 is a catalyst for e-commerce in Africa
Even before the current crisis, interest in online shopping was on the rise in Africa, albeit from a very low base. As recently as December 2019, a Sagaci Research survey found that 12% of Nigerian consumers had used the internet to shop online during the previous four weeks. In Kenya and Tanzania, this figure stood
14th May 2020
Categories: Blog - Retail - Supermarkets - Africa - Consumer - Retail & Shopping Malls - Angola - Uncategorised - Cote d'Ivoire - Kenya - Nigeria - Senegal - Zambia