Consumer
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Pernod Ricard takes a swig of Jumia
French alcoholic drinks group Pernod Ricard has acquired an unspecified stake in Africa-focused internet retailer Jumia. Terms have not been disclosed. Jumia is owned by Rocket Internet, MTN, AXA, Goldman Sachs, Orange and CDC, and, as previously discussed, it likely to have an IPO this year. Pernod Ricard owns such brands as Absolut Vodka, Beefeater
21st January 2019
Categories: SagaRetail News - Consumer - Retail & Shopping Malls - Ghana - Kenya - Nigeria
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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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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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Nakumatt and Uchumi continue their downward spirals
A number of suppliers have joined Githunguri Dairy in filing for Kenyan supermarket chain Uchumi to be wound up, while rival Nakumatt is faring little better. More than 20 of Uchumi’s creditors are seeking to recover debts amounting to KES900 million (USD8.8 million). The retailer was also recently evicted from its headquarters in Nairobi Industrial
21st November 2018
Categories: SagaRetail News - Consumer - Retail & Shopping Malls - Kenya
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Empty shelves prompt Zimbabwean government to temporarily lift import ban
On October 23rd, The Zimbabwean government removed a ban on the importation of basic commodities. The products affected include bottled water‚ cereals and cooking oil. This decision comes in the wake of shortages that had led to panic buying and seen businesses ranging from fast food chain KFC to clothing retailer Edgars temporarily shut their
31st October 2018
Categories: SagaRetail News - Consumer - Retail & Shopping Malls - Zimbabwe
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Sagaci Insights: Putting a number on modern grocery retail sales
Modern formats, such as supermarkets and hypermarkets, will account for 7.5% of grocery retail sales across the whole of Africa in 2018, according to a new study published by Sagaci Research. Defining a “modern” store as one with a sales area of more than 1,000m² or as part of a chain with at least three
26th October 2018
Categories: SagaRetail News - Consumer - Retail & Shopping Malls
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Project Watch: Shining a light on solar power demand
Localised solar power is often touted as a solution to Africa’s unmet energy needs, enabling communities to leapfrog large-scale electricity transmission networks that are expensive to build and maintain (in addition to often being unreliable in many areas) in a manner analogous to how mobile phone networks have superseded fixed-line telephony across much of the
26th October 2018
Categories: Consumer
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SagaRetail: Tracking the evolution of modern retail in Africa
Do you want to track the evolution of modern retail in Africa and gain a better understanding of the market positions and strategies of modern retailers (local, regional and international)?
26th October 2018
Categories: SagaRetail News - Consumer - Sectors - Retail & Shopping Malls
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Sonae suffers another African setback
S2 Africa, a partnership between Portuguese supermarket chain Sonae and London-based investment fund Satya Capital, has shuttered the three supermarkets it had been operating in the Mozambican capital of Maputo.
25th October 2018
Categories: SagaRetail News - Consumer - Retail & Shopping Malls - Mozambique