News
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CFAO brings Carrefour’s Supeco banner to sub-Saharan Africa
On April 27th, CFAO (Carrefour’s regional franchisee) brought the hard-discount Supeco banner to West Africa, opening a store in a former cinema in the Senegalese capital of Dakar. This marks the beginning of the strategic shift towards smaller stores and lower-income consumers that CFAO Retail CEO Jean-Christophe Brindeau spoke of in January (see our previous
30th April 2019
Categories: SagaRetail News - Retail & Shopping Malls - Ivory Coast
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MAF unveils ambitious growth plans for Carrefour banner in Egypt
UAE-based Carrefour franchisee Majid Al Futtaim (MAF) is ramping up its presence in Egypt. In April, it unveiled ambitious plans to open 20 new stores by the end of this year, which would bring the total number of Carrefour stores in this market to 60. In the longer term, it is planning to increase the
30th April 2019
Categories: SagaRetail News - Egypt - Retail & Shopping Malls
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Tumaini to open two new stores in Nairobi
Tumaini Self Service Limited is set to open two new supermarkets in Nairobi this week, which will bring its total number of stores to 12, with eight of these in Nairobi. Private equity firm Adenia Partners acquired a controlling interest in Tumaini late last year (see our previous story). The new stores will be located
26th April 2019
Categories: SagaRetail News - Retail & Shopping Malls
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MAF sees Kenyan Carrefour sales soar and eyes new markets
UAE-based Carrefour franchisee Majid Al Futtaim (MAF) saw its Kenyan sales rise by 71% during 2018, to AED506 million (USD137.8 million). MAF currently operates seven stores (six hypermarkets and one supermarket) in Nairobi. Nairobi’s eighth Carrefour store (another hypermarket) is due to open later this year in the premises formerly occupied by Nakumatt along the
9th April 2019
Categories: Egypt - Retail & Shopping Malls - Kenya - Uganda - South Africa
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Mastercard jumps on the Jumia bandwagon
In spite of the fact that it is heading towards an IPO (see our previous story), internet retailer Jumia is set to receive a USD50 million investment from payment services provider Mastercard in a private placement. Mastercard will also partner with Jumia to help the latter “grow its operations.” While details of their collaboration were
8th April 2019
Categories: SagaRetail News - Retail & Shopping Malls
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Sagaci in the news: African retail investment to shift towards secondary cities
Charles Ballard, head of retail and real estate at Sagaci Research, recently spoke to asset management firm Anaxago about the commercial real estate market in Kenya. “In Nairobi, there are now more than 60 shopping malls, and the market is beginning to look saturated.” he observed. “The problem in dynamic cities like Nairobi is no
5th April 2019
Categories: SagaRetail News - Retail & Shopping Malls
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Ghanian healthcare upstart to acquire Kenyan pharmacy chain
Ghanaian start-up mPharma is set to gain a controlling interest in Kenyan pharmacy chain Haltons in an unusual deal – fledgling startups are usually acquired by established businesses, rather than vice-versa. Halton’s was founded in 2007 and currently operates around a dozen outlets, most of which are located in Nairobi. Founded in 2013, mPharma aims
4th April 2019
Categories: SagaRetail News - Ghana - Pharmaceuticals - Kenya
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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 currently operates 28 supermarkets and convenience stores
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