SagaRetail News
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Carrefour set to step into Nakumatt’s shoes in Uganda
Majid Al Futtaim (MAF) has revealed that it will open Uganda’s first two Carrefour stores in spaces formerly occupied by Kenyan retail chain Nakumatt, which departed the local market in 2017. The Dubai-based retailer already operates stores under the Carrefour banner in Egypt and Kenya. Its entry into the Ugandan market follows a pattern established
5th July 2019
Categories: SagaRetail News - Retail & Shopping Malls
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KFC franchisee Kuku Foods partners with Vivo Energy
Vivo Energy, which operates Shell service stations across Africa, and KFC franchisee Kuku Foods East Africa Holdings have formed a 50:50 joint venture “to accelerate the roll out of KFC restaurants in Kenya, Uganda, and Rwanda.” The first KFC in East Africa opened during 2011, and there are currently 22 in Kenya and eight in
27th June 2019
Categories: Foodservice - SagaRetail News - Kenya - Rwanda - Uganda
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Egyptian mall developer looks to underserved delta region
What will be the largest mall in Egypt’s delta region (located between Cairo and Alexandria) is set to open in the city of Tanta later this year. Developer Marakez already operates two malls in the vicinity of Cairo – Mall of Arabia and Mall of Katameya. With a gross leasable area of 40,000m², Mall of
25th June 2019
Categories: SagaRetail News - Retail & Shopping Malls
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Jumia’s losses narrow on strong sales growth
Gross merchandise volume (GMV) at Africa-focused internet retailer Jumia, which floated on the NYSE two months ago, stood at €240 million during the first three months of 2019, up 58% year-on-year. GMV is the total value of merchandise sold through its marketplace, including third-party sales. Adjusted EBITDA loss as a percentage of GMV narrowed from 19.8%
13th June 2019
Categories: SagaRetail News - Egypt - Retail & Shopping Malls - Cote d'Ivoire - Kenya - Nigeria
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South African REIT seeks to exit six sub-Saharan malls
South African real estate investment trust (REIT) Hyprop Investments and its partners Attacq and Atterbury Group are seeking a buyer for the six malls they own in sub-Saharan Africa. Hyprop has an interest in four Ghanian malls (Accra, West Hills, and Achimota in the capital, as well as Kumasi City), in addition to Ikeja City
4th June 2019
Categories: SagaRetail News - Retail & Shopping Malls - Ghana - Nigeria - Zambia
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Walmart veteran to take the helm at Massmart
Less than a month after the resignation of Guy Hayward as Massmart CEO was announced, his replacement has been revealed. Walmart (which holds a majority stake in the South African retailer) is to parachute in one of its own – Mitchell Slape. 51-year-old Slape has worked at Walmart for 25 years in various roles across
28th May 2019
Categories: SagaRetail News - Retail & Shopping Malls - South Africa
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Choppies boardroom coup fuels nervousness among suppliers
Mired in an accounting scandal, supermarket chain Choppies suspended CEO Ramachandran Ottapathu last week, but this move does not seem to have gone done well with some of its suppliers, amid media reports of empty shelves in some of its outlets. Botswana-based Choppies operates around 250 stores across eight sub-Saharan countries, and Ottapathu, who has
28th May 2019
Categories: SagaRetail News - Retail & Shopping Malls - Botswana - Kenya
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Deacons East Africa put up for sale by administrator
Apparel retailer Deacons East Africa has been put up for sale by its court-appointed administrator. Deacons operates stores under such banners as 4u2, Adidas, Bossini, and FNF in Kenya, Uganda, and Rwanda. Previously, it was also the regional franchisee for South African brands Mr Price and Woolworths. In Nairobi, Deacons has stores in such as
27th May 2019
Categories: SagaRetail News - Retail & Shopping Malls
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Rwandan café chain Brioche opens “on-the-go” outlets in service stations
Rwandan café chain Brioche has partnered with Société Pétrolière Ltd (SP) to create a coffee shop concept for the latter’s chain of service stations. Brioche currently operates four outlets in the capital Kigali, as well as two in Nairobi. The first two of these franchised outlets have opened at SP’s Nyarugenge and Gikondo outlets. According
23rd May 2019
Categories: Foodservice - SagaRetail News - Retail & Shopping Malls - Kenya - Rwanda
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One Tunisian mall nears completion, while another will break ground soon
The Ben Salem brothers, owners of Tunis-based Indigo Co. (the local franchisee for such retail brands as Zara, Mango, Massimo Duttti, and Celio), are set to break ground on Tunis Garden City mall before the end of this year. The mall will have a gross leasable area (GLA) of 60,000m2 and be accompanied by a
20th May 2019
Categories: SagaRetail News - Retail & Shopping Malls - Tunisia