SagaRetail News
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Auchan’s African sales topped €100 million in 2018
French retailer Auchan saw its African sales rise by 153% during 2018, to €101 million. Africa was the only region in which it saw increased sales during the year. But despite doubling, the share of Auchan’s sales accounted for by African markets remains very small – 0.2%. Auchan operates 28 outlets in Senegal and two
25th March 2019
Categories: SagaRetail News - Retail & Shopping Malls - Senegal - Tunisia
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Nigerian salad and smoothie chain opens eighth location
SoFresh Neighbourhood Market, a Lagos-based chain that is hybrid of a quickservice restaurant and a fruit and vegetable shop, recently opened its eighth outlet. It focuses on such fare as sandwiches, wraps, salads, fruit packs, muesli, juices and smoothies, while also offering fresh fruit and vegetables and a limited selection of “healthy” packaged food. SoFresh
21st March 2019
Categories: Foodservice - SagaRetail News - Consumer - Retail & Shopping Malls - Nigeria
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Vivo Energy accelerates its drive into non-fuel retail
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
Categories: SagaRetail News - Retail & Shopping Malls - Ghana - Kenya - Morocco - Namibia
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Jumia IPO gives a peek under the hood of African e-commerce
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
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Massmart reorients growth efforts towards East Africa and Zambia
South African retailer Massmart, in which Walmart holds a majority stake, intends to open 47 new stores by 2021, with about a third of this space to be located outside of its domestic market. According to CEO Guy Hayward, “Zambia and East Africa are interesting to us because they’re not totally dependent on mineral resources
7th March 2019
Categories: SagaRetail News - Kenya - Zambia
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Need a goat in a hurry? This Angolan start-up will deliver it to your door – still bleating
The on-demand delivery segment is hotting up in Africa, with Spanish company Glovo commencing operations in Kenya and Morocco recently and Angolan player Tupuca exhibiting strong growth. Based in Luanda, the latter was founded by four friends in 2015 and now has 140 drivers making 17,000 deliveries a month, with an average order value of
27th February 2019
Categories: SagaRetail News - Retail & Shopping Malls - Angola
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High noon in Egyptian e-commerce
Noon, an internet retailer that debuted in Saudi Arabia and the UAE in 2017, recently launched a beta version of its website in Egypt. Backed by USD1 billion in investment from Saudi Arabia’s Public Investment Fund and a number of private individuals in the Gulf region, it currently sells products in Egypt across five categories:
27th February 2019
Categories: SagaRetail News - Egypt - Retail & Shopping Malls
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Import restrictions threaten supermarket supply chains in Southern Africa
According to The African Development Bank’s annual African Economic Outlook, which was published last month, such South African retail chains as Shoprite risk becoming victims of their own success in Southern Africa. This is because governments in the region have begun to perceive them as a threat to local economic development and are moving to
25th February 2019
Categories: SagaRetail News - Retail & Shopping Malls - Zambia - Zimbabwe - South Africa
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East Africa’s largest supermarket chain prepares to go public
Tuskys, which operates more than 60 stores in Kenya and Uganda and has overtaken the faltering Nakumatt to become the region’s largest retailer, is planning to list on the Nairobi Stock Exchange (NSE) this year. “We will definitely join the main market segment. Two weeks ago, we entered an incubation period with the NSE. This
15th February 2019
Categories: SagaRetail News - Retail & Shopping Malls - Kenya
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The quickening pace of retail modernisation in Kenya
Family-owned Quickmart opened its tenth outlet (and the first to open 24 hours a day) in Valley Arcade in the affluent Nairobi suburb of Lavington during January. “This area is populated by high-income shoppers who require the flexibility of shopping at any time,” Betty Wamaitha, head of marketing at Quickmart, told local media. The store
11th February 2019
Categories: SagaRetail News - Retail & Shopping Malls - Kenya