Retail
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Nigeria’s FoodCo joins the online supermarket rush
Nigerian supermarket chain FoodCo has joined the Covid-19-inspired rush into sub-Saharan e-commerce. Rather than using a third-party, the chain has also launched its own delivery service, promising delivery in Ibadan and the Lagos suburb of Lekki within two hours. Founded in Ibadan, the capital of Oyo State in the southwest of the country, during the
26th June 2020
Categories: SagaRetail News - Retail - Nigeria
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Thinking inside the box
A small, but growing, number of African consumers are turning to vegetable boxes supplied by the likes of Zimbabwe’s Fresh In A Box, PricePally in Nigeria, Market Garden Uganda, and Tambula in Namibia as a safe and convenient alternative to open-air markets during the Covid-19 crisis. These online players mainly source fruits and vegetables directly
25th June 2020
Categories: SagaRetail News - Retail - Nigeria - Uganda - Zimbabwe - Namibia
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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
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Isabel dos Santos’ Angolan hypermarket chain to close half of its stores
Angolan chain Candando, a subsidiary of Contidis Group, is to close three of its six outlets. It has struggled to import products since its Portuguese bank accounts were frozen in January 2020 at the request of the Angolan Attorney General. The latter is pursuing Isabel dos Santos, the owner of Contidis Group, on charges of
10th June 2020
Categories: SagaRetail News - Retail - Supermarkets - Angola
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Jumia sees its number of active users jump by half
The number of annual active consumers (those who have made a purchase during the prior 12 months) using Jumia increased at an annual rate of 51% during the first three months of 2020, to 6.4 million, according to the online retailer’s latest quarterly report. The total number of orders it received rose by 28% year-on-year
15th May 2020
Categories: SagaRetail News - Retail - Supermarkets - Africa - Naivas - Carrefour - Internet retail - Consumer - Retail & Shopping Malls
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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
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Hard discounter BİM opened 75 new outlets in North Africa last year
According to its recently published 2019 annual report, Turkish hard discounter BİM opened 55 new stores in Morocco and 20 in Egypt during the year, bringing its total number of outlets in these countries to 497 and 320, respectively. While the chain did not disclose sales figures for these markets, it did reveal that it
11th May 2020
Categories: SagaRetail News - Retail - Egypt - Morocco
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Monoprix stores continue to lose money in Tunisia
The Tunisian operations of Monoprix, a subsidiary of Casino Group that is franchised locally by the Groupe Mabrouk conglomerate, recorded a net loss of TND725,000 (USD250,000) during 2019, down from a loss of TND1.2 million (USD413,000) the previous year. Turnover rose by 7.1% year-on-year, to TND631 million (USD217 million). Groupe Mabrouk opened the first Monoprix
28th April 2020
Categories: SagaRetail News - Retail - Supermarkets - Africa - Tunisia
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Even Covid-19 can’t slow Naivas’ growth
Kenya’s largest supermarket chain this week opened its 63rd outlet opposite the Yaya Centre mall in the affluent Nairobi suburb of Kilimani. Fitted out to a very high standard and with a sales area of around 1,000m2, of which 25% is dedicated to fresh food and a café, this stand-alone store is focused on convenience
23rd April 2020
Categories: SagaRetail News - Retail - Supermarkets - Africa - Tuskys - Kenya
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Carrefour’s Kenyan sales rose by more than a quarter in 2019
Carrefour’s Kenyan stores earned revenue of KES18.7 billion (USD175 million) during 2019, up 28% on the previous year. The Carrefour banner is franchised in Egypt and East Africa by UAE-based Majid Al Futtaim (MAF). While MAF did not open any new Carrefour stores in Kenya during 2019, it did expand the sales areas of some
22nd April 2020
Categories: SagaRetail News - Retail - Supermarkets - Africa - Carrefour - Kenya