Sectors
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Another international player enters the Kenyan grocery retail market
The takeover of supermarket chain Tumaini Self Service Ltd. by Sokoni Retail Kenya was approved by the Competition Authority of Kenya in December, adding to the list of international players (including Carrefour, Choppies and Shoprite) jostling for a piece of the local market. Sokoni Retail Kenya is an investment vehicle of private equity firm Adenia
15th January 2019
Categories: Retail & Shopping Malls - Kenya
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Nairobi’s mall boom sets the stage for a fierce supermarket struggle
The Waterfront mall opened in Nairobi on Jamhuri Day (Kenyan independence day – December 12th). With close to 18,600m² of GLA, the 20 hectare site boasts more than 1,000 parking spaces, a 14,000m² artificial lake and a 1.2km running and walking track. With these leisure facilities and regular cultural events, management are clearly hoping to
10th January 2019
Categories: Retail & Shopping Malls - Kenya
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Burger King sees “huge opportunity” in African markets
Burger King parent company Restaurant Brands International (RBI) has revealed that it is in talks with potential franchisees with a view to expanding its presence in sub-Saharan Africa. According to Daniel Schwartz, CEO of RBI, the fast-food chain is “significantly under-penetrated” on the continent and has a “huge opportunity” to grow. José Cil, president of
2nd January 2019
Categories: Foodservice - SagaRetail News - Consumer - Nigeria
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Starbucks franchisee puts the brakes on South African store growth
Starbucks arrived in South Africa to great fanfare in 2016, but local franchisee Taste Holdings has now halted its rollout of new outlets. There are currently 12 Starbucks cafés in South Africa, up from ten at the beginning of the year. According to Taste Holdings, although its Starbucks’ store network “is profitable at an EBITDA
27th December 2018
Categories: Foodservice - SagaRetail News - Consumer - Retail & Shopping Malls - Kenya - Nigeria - South Africa
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Sagaci Insights: Shopping Malls in Africa
The total number of shopping malls in Africa (excluding South Africa) almost doubled between 2011 and 2018 and is now approaching 600, with urbanisation, population growth, increased interest from international retailers, changing consumer lifestyles and rising household incomes among the factors driving growth. The sixth edition of Sagaci Research’s Shopping Malls in Africa report provides
27th December 2018
Categories: Retail & Shopping Malls
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Decathlon sets up shop in Africa’s athletics superpower
The French sportswear and sports equipment retailer has opened its first store in Kenya. The 1,500m² outlet, which the chain describes as a “flagship” store, is located at The Hub Karen mall in Nairobi. Decathlon has indicated that it is planning to open additional stores in the country. Famed for their prowess as distance runners,
21st December 2018
Categories: SagaRetail News - Retail & Shopping Malls - Kenya
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Mall culture percolates down the Ivorian income scale
During late October, Cosmos shopping mall opened its doors in the Abidjan suburb of Yopougon – the fourth mall to open in Côte d’Ivoire in the past three years. Developed by HC Capital Properties, it has a GLA of 14,000m². Cheick Sanankoua, co-founder and managing partner of HC Capital Properties, noted that successful mall openings
18th December 2018
Categories: SagaRetail News - Retail & Shopping Malls - Cote d'Ivoire
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Retail heavyweights go toe-to-toe in Kenya
Shoprite, Africa’s largest grocery retail chain, today opened its first store in Kenya, located in the Westgate mall in central Nairobi. This brings the South African retailer into direct competition with Carrefour, which has an outlet in the nearby Sarit Centre, for the first time. With its dark colours, non-ceramic flooring, wooden shelving and wide
13th December 2018
Categories: SagaRetail News - Retail & Shopping Malls - Kenya
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Carrefour adds clicks to its bricks
Carrefour franchisee Majid Al Futtaim has signed an agreement with online retailer Jumia to offer online shopping in Kenya from the beginning of next year. Simultaneously, CFAO, the French retailer’s franchisee in Francophone West and Central Africa, will also sell its products on Jumia’s online platform in Cameroon, Côte d’ivoire, and Senegal. According to Frank
11th December 2018
Categories: SagaRetail News - Consumer - Retail & Shopping Malls - Cameroon - Cote d'Ivoire - Kenya - Senegal
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Sagaci Research launches its 2018 Shopping Malls in Africa Report
Sagaci Research has just published the sixth edition of its Shopping Malls in Africa report. It shows that the number of malls on the continent more than doubled between 2010 and 2018, with urbanisation, population growth, increased interest from international retailers, changing consumer lifestyles and rising household incomes among the main factors driving this growth. There
22nd November 2018
Categories: SagaRetail News - Retail & Shopping Malls