Sectors
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Six ways in which Covid-19 will impact consumer behaviour in Africa
While the number of diagnosed cases of Covid-19 in Africa, particularly sub-Saharan Africa (SSA), remains relatively low, this figure will inevitably increase. Moreover, the current number of reported cases may be a significant under-representation of the true spread of the disease on the continent. On a more positive note, there is some evidence to suggest
31st March 2020
Categories: Foodservice - Blog - Retail - Africa - Supermarket - Consumer - Retail & Shopping Malls - Sagaci Insights - Telecom - Financial Services - Pharmaceuticals
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Kenyan retailers to ramp up e-commerce efforts in response to Covid-19 threat
Once referred to by Naivas chief commercial officer Willy Kimani as a “necessary evil,” Kenyan supermarket chains are now scrambling to ramp up their online presence as the number of Covid-19 infections in the country grows. During mid-March, Naivas, which established a partnership with Spanish delivery platform Glovo last year, announced that it would reduce
27th March 2020
Categories: Foodservice - SagaRetail News - Supermarkets - Naivas - Tuskys - Retail & Shopping Malls - Kenya
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On the road
Car ownership remains a privilege of the few in Tanzania A mere 6% of Tanzanian households have a car, according to a Sagaci Research survey conducted in December 2019. It found that the level of car ownership begins to rise significantly once monthly household income rises above USD500: For those with an income of between
16th March 2020
Categories: Blog - Africa - Automotive - Tanzania
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Show me the (mobile) money!
Smartphones now a key component of Senegalese financial services landscape A Sagaci Research survey conducted in Senegal during October 2019 found that just a quarter (25%) of respondents had a savings or current account, while less than 1% had an ATM/debit card. A significant gender gap was identified: 29% of male respondents had a bank
13th March 2020
Categories: Consumer - Telecom - Financial Services - Senegal
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Ethiopia set to become Burger King’s eighth African market
Toronto, Canada-based Restaurant Brands International (RBI) has partnered with Belayab Foods Production to bring its Burger King brand to Ethiopia, website Allafrica.com reports. Burger King restaurants are currently to be found in seven African countries. It entered four of these markets (Côte d’Ivoire, Kenya, Ghana, and Tunisia) during the past five years. During late 2018,
14th February 2020
Categories: Foodservice - SagaRetail News - Ethiopia
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Jumia pulls the plug on Cameroon and Tanzania
On November 17th, pan-African internet retailer Jumia ceased operations in Cameroon. In a statement, the company said that “We came to the conclusion that our transactional portal as it is run today is not suitable to the current context in Cameroon.” Before the end of the month, it had also exited Tanzania. According to company
25th November 2019
Categories: SagaRetail News - Africa - Retail & Shopping Malls - Cameroon
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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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CFAO opens a third cash and carry in Senegal
CFAO recently opened its third Supeco outlet in the Dakar suburb of Golf Sud. The banner debuted in the local market in April this year and a second store was added in September – both of which are also located in the Senegalese capital. Previously, CFAO had operated a single Carrefour Market in Senegal. It
6th November 2019
Categories: SagaRetail News - Supermarkets - Carrefour - Retail & Shopping Malls - Cameroon - Cote d'Ivoire - Senegal
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Under-pressure Tuskys seeks to avoid the fate of Nakumatt
Quoting unnamed industry sources, Kenyan website Standard Media reports that local supermarket chain Tuskys is seeking to raise KES1 billion (USD9.7 million) before the end of the year “to boost its working capital.” It added that Tuskys was doing this in order to be able to pay its suppliers more promptly and thus secure more
5th November 2019
Categories: SagaRetail News - Supermarkets - Tuskys - Carrefour - Retail & Shopping Malls