Kenya
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Kenyan regulator orders Carrefour to revise “unfair” supplier deals
The Competition Authority of Kenya has ruled that local Carrefour franchisee Majid Al Futtaim (MAF) engaged in unfair practices in its dealings with suppliers and ordered the retailer to remove six clauses from its supplier contracts within 60 days. The “offending provisions” include forcing suppliers to pay a non-refundable fee to do business with it,
21st February 2020
Categories: SagaRetail News - Carrefour - Kenya
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Professional advice, specialised stores, and social media at the heart of Kenya’s burgeoning cosmetics market
Young urbanites from middle- and high-income households to the fore A Sagaci Research survey conducted during 2019 with 800 women across urban and rural locations found that 22% of Kenyan women had used makeup/colour cosmetics during the four weeks prior to survey. Levels of makeup use were found to be comparable to those of fragrances
4th February 2020
Categories: Blog - Retail - Uncategorised - Kenya
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Sagaci Research relaunches the KFC Index
En francais ci-dessous Kwa lugha ya Kiswahili hapa chini KFC Index identifies Central African CFA Franc as the most overvalued currency in Africa Sagaci Research, the leading independent pan-African market research and market intelligence firm, has released its “KFC Index” for January 2020. This twice yearly index utilises the prices of KFC chicken buckets in
31st January 2020
Categories: SagaRetail News - Lesotho - Egypt - Ghana - Angola - Cote d'Ivoire - Gabon - Kenya - Morocco - Mozambique - Nigeria - Senegal - Sudan - Tanzania - Tunisia - Uganda - Zambia - Zimbabwe - South Africa - Ivory Coast
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Carrefour expands in East Africa, while Naivas gobbles up what’s left of Nakumatt in Kenya
Carrefour franchisee Majid Al Futtaim (MAF) opened its first supermarket in Uganda during December and is due to enter the Tanzanian market in the very near future. The Ugandan store is located in Kampala’s Oasis Mall and has a sales area of 2,800m2. This mall formerly hosted Kenyan chain Nakumatt. Its first Tanzanian outlet will
30th December 2019
Categories: SagaRetail News - Retail - Supermarkets - Carrefour - Kenya - Tanzania - Uganda
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Fighting for survival, Choppies prepares to exit South Africa
Botswana-based Choppies, which at its peak operated more than 240 supermarkets in eight countries across Southern and Eastern Africa, has agreed the sale of its South African operations to Kind Investments Proprietary Limited for ZAR1 (USD0.07), including the assumption of all of the subsidiary’s debts. The deal is expected to close by February 2020. As
5th December 2019
Categories: SagaRetail News - Retail - Supermarkets - Africa - Botswana - Kenya - Tanzania - Zambia - Zimbabwe - South Africa
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New investment for Kenyan catalogue retailer
Nairobi-based Copia has raised USD26 million in a Series-B equity round led by UK-based impact investment fund LGT Lightstone. Impact investing refers to investments that are made with the aim of generating a measurable social, or environmental benefit, in addition to a financial return. According to Copia, it intends to use this investment to expand
2nd December 2019
Categories: SagaRetail News - Kenya
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Artcaffé the latest edition to Nairobi CBD’s burgeoning restaurant scene
Restaurant chain Artcaffé recently opened its 34th and 35th locations in Nairobi’s Central Business District (CBD) and is planning two more. One of its recent openings is a “flagship” location in Westminster House, overlooking Kenyatta Avenue. As well as providing “a full-service casual dining experience,” this outlet includes a bakery, coffee shop and cocktail bar.
20th November 2019
Categories: Foodservice - SagaRetail News - Kenya
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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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Kenyan market leader Naivas sets its sights on smaller cities
Naivas has revealed plans to open four new stores during the coming months. Two of these will be in Nairobi (near the Yaya Centre shopping mall and on the Eastern Bypass), with the other two set for Mombaba and Embu, which is located 120km north of Nairobi. Naivas already has six outlets in Mombasa and one
21st October 2019
Categories: SagaRetail News - Retail - Supermarkets - Naivas - Kenya
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Blog: African retail has a governance problem
Corporate governance remains the Achilles heel of many African retail chains, threatening their long-term growth prospects While corporate governance failings are obviously not confined to Africa, recent years have seen a plethora of scandals and mis-steps that have destabilised some of the retail industry’s most prominent names and threatened to undermine the brand equity
23rd September 2019
Categories: Blog - Retail - Supermarkets - Africa - Nakumatt - Shoprite - Naivas - Tuskys - Sagaci Insights - Kenya - South Africa