Morocco-based Retail Holding has raised MAD600 million (USD62 million) from the private placement of a five-year bond in order to consolidate its control of Ivorian wholesaler and retailer CDCI and fund its expansion and modernisation. This comes after reports in the Ivorian media earlier this year that CFAO (Carrefour’s franchisee in francophone West Africa, which
19th August 2019
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
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
Having successfully launched the concept in Casablanca, Carrefour franchisee Label’Vie brought the Carrefour Gourmet sub-banner to Rabat during September. Boasting such delicacies as lemon caviar, dwarf carrots, ground cherries and edible flowers, this store concept is squarely targeted at the upper end of the market.
5th October 2018
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
Moroccan home furnishings chain unveils smaller store format Kitea, which operates 26 stores in Morocco selling furniture in kit form, recently launched a smaller format store called “Kitea City.” The first Kitea City opened its doors in Casablanca during July 2018, with plans to open almost a dozen more in in the near future. Kitea
3rd August 2018
Reinforcing our commitment to delivering top quality research across Africa, we are happy to announce the opening of an office in Morocco. Our new Casablanca office will enhance our local capabilities and service offerings across the North of Africa. Janick Pettit has been appointed country manager. Janick is a research professional with more than 10 years
23rd December 2017
The fifth edition of the Shopping Centers across Africa Report is already available. As investment and interest from mall developers grows across the continent, the realities in the different countries are becoming more diverse. From a more sophisticated market in Northern and Southern Africa, to a close-to-saturation retail landscape in Kenya or the challenging economic
11th December 2017
Categories: Egypt - Retail & Shopping Malls - Ghana - Algeria - Angola - Countries - Benin - Botswana - Burundi - Cameroon - Cote d'Ivoire - DR Congo - Equatorial Guinea - Ethiopia - Gabon - Kenya - Libya - Morocco - Mozambique - Nigeria - Rwanda - Senegal - Sudan - Tanzania - Togo - Tunisia - Uganda - Zambia - Zimbabwe - South Sudan - Sierra Leone - Congo - Mali - South Africa - Namibia - Ivory Coast
To cater for the growing African middle-class, the importance of shopping malls has increased in the past few years with these centers showing strong sale and expansion growth. This publication is aimed at all existing and entering industry players looking to understand the shopping mall industry on the continent offering fact-based data and analysis.
7th September 2016
Categories: Egypt - Retail & Shopping Malls - Ghana - Algeria - Angola - Benin - Botswana - Burundi - Cameroon - Cote d'Ivoire - DR Congo - Equatorial Guinea - Ethiopia - Gabon - Kenya - Libya - Morocco - Mozambique - Nigeria - Rwanda - Senegal - Sudan - Tanzania - Togo - Tunisia - Uganda - Zambia - Zimbabwe - South Sudan - Sierra Leone - Congo - Mali - Namibia
Updated Chicken Bucket purchasing power parity study across African countries provides a fact-based understanding of currency issues in the continent
July 27th, 2016. Sagaci Research, the leading independent pan-African market research and market intelligence firm, has published an updated version of their study on Purchasing-Power-Parity (PPP) among African countries, named “The Chicken Bucket Index”. Inspired by the world renowned Big Mac Index, Sagaci Research has leveraged the presence of KFC™ in 18 African nations to
27th July 2016