• Two struggling South African retailers to pull the plug on SSA stores

    With their sales severely impacted by Covid-19, retail chains TFC and Mr Price are to withdraw from sub-Saharan markets. On June 18th, fashion chain TFG revealed that it was to exit the Ghanaian and Kenyan markets, where it currently operates a total of nine outlets. Just over a week later, apparel and homewares retailer Mr

    Categories: Uncategorised

  • A shopping revolution: Covid-19 is a catalyst for e-commerce in Africa

    Even before the current crisis, interest in online shopping was on the rise in Africa, albeit from a very low base. As recently as December 2019, a Sagaci Research survey found that 12% of Nigerian consumers had used the internet to shop online during the previous four weeks. In Kenya and Tanzania, this figure stood

    Categories: Blog - Retail - Supermarkets - Africa - Consumer - Retail & Shopping Malls - Angola - Uncategorised - Cote d'Ivoire - Kenya - Nigeria - Senegal - Zambia

  • KFC Index shows early impact of Covid-19 on purchasing power in Africa

    According to Sagaci Research’s “KFC Index” for the first quarter of 2020, which is based on data collected during late March, just two African currencies are currently overvalued vis-à-vis the US dollar (the same number as three months earlier): The CFA franc in Gabon and Côte d’Ivoire (CIV) and the Zimbabwean dollar. The remaining 18 currencies

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  • Nigeria replaces Angola as Shoprite’s weakest link

    South African grocery retailer Shoprite continues to struggle in sub-Saharan Africa (SSA), with Nigeria replacing Angola as its worst performing market in the region. While sales in Angola are now almost stable, declining at an annual rate of 1.9% in constant-currency terms during the six months to December 2019, Nigerian sales plunged 8.1% over the

    Categories: SagaRetail News - Supermarkets - Shoprite - Angola - Uncategorised - Nigeria

  • Moroccan government threatens to show Turkish discounter the door

    With the Moroccan and Turkish governments missing a self-imposed deadline of January 30th to reach a new trade deal, Moroccan Minister of Trade Moulay Hafid Elalamy has threatened to shut down Turkish grocery retailer BİM’s local operations. Speaking in the Moroccan parliament, he claimed “Wherever they [BİM] open, 60 Moroccan shops are closed.” Haluk Dortluoğlu,

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  • Professional advice, specialised stores, and social media at the heart of Kenya’s burgeoning cosmetics market

    Young urbanites from middle- and high-income households to the fore A Sagaci Research survey conducted during 2019 with 800 women across urban and rural locations found that 22% of Kenyan women had used makeup/colour cosmetics during the four weeks prior to survey. Levels of makeup use were found to be comparable to those of fragrances

    Categories: Blog - Retail - Uncategorised - Kenya

  • French PE fund set to take stake in Kenyan supermarket chain

    Kenyan newspaper Business Daily reports that Paris-based private-equity fund Amethis is to acquire a 30% stake in Kenyan supermarket chain Naivas. According to “sources familiar with the transaction,” “Talks are at an advanced stage, with the parties now awaiting regulatory approval before making a formal announcement.” Naivas opened its 60th store in December 2019 and

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  • Private equity funds acquire stake in Tunisian hard discounter

    Mediterrania Capital Partners and Ekuity Capital have acquired a stake in Tunisian hard discounter Aziza. Founded by Groupe Slama in 2014, Aziza has expanded rapidly and currently has around 250 outlets, a total sales area of 70,000m2, and more than 2,000 employees. The financial terms of the transaction have not not disclosed. Like Turkish hard discounter

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  • How do Kenyans Bank?

    The rapid adoption of mobile money has been the signature trend of the Kenyan financial-services market over the past decade. Most consumers now use mobile payments, while less than half have a debit card. Sagaci Research´s new report, ‘How do Kenyans Bank?’ which is based on findings from 1,000 face-to-face interviews, provides data on brand awareness

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  • Japanese Office Now Open

    Sagaci Research has opened a representative office in Japan. For more information on how we can help Japanese companies to thrive in African markets, contact masanori.sakanashi@sagaciresearch.com

    Categories: Uncategorised