News
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Redundancies at Tuskys sound the alarm on Kenyan chain’s financial health
Website Standard Digital reports that Tuskys is to lay off “dozens” of workers during March. Tuskys is the largest retailer in East Africa, with 68 supermarkets in Kenya and Uganda, in addition to around 20 Mavazi apparel stores. “This is a business move aimed at restoring the company’s financial viability … The company’s performance in
21st February 2020
Categories: SagaRetail News - Retail - Supermarkets - Tuskys - Kenya - Uganda
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Kenyan regulator orders Carrefour to revise “unfair” supplier deals
The Competition Authority of Kenya has ruled that local Carrefour franchisee Majid Al Futtaim (MAF) engaged in unfair practices in its dealings with suppliers and ordered the retailer to remove six clauses from its supplier contracts within 60 days. The “offending provisions” include forcing suppliers to pay a non-refundable fee to do business with it,
21st February 2020
Categories: SagaRetail News - Carrefour - Kenya
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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,
14th February 2020
Categories: Uncategorised
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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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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
4th February 2020
Categories: Blog - Retail - Uncategorised - Kenya
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Mitch Slape wants to make Massmart more like Walmart
Having taken stock of the business since his appointment as CEO in September 2019, former Walmart executive Mitch Slape has unveiled his plan to right listing South African retailer Massmart (in which Walmart holds a majority stake). He is planning to streamline the business by reducing it from four to two operational units, shift the
4th February 2020
Categories: SagaRetail News - Retail - Supermarkets - Massmart
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CFAO brings Carrefour’s Supeco banner to Côte d’Ivoire
CFAO, Carrefour’s West African franchisee, has brought the French retailer’s Supeco banner to Abidjan, opening a store in the working-class suburb of Yopougon. CFAO also operates three Carrefour outlets in Abidjan (two hypermarkets and a supermarket), all of which are located in shopping malls. Supeco combines a relatively limited range of SKUs (around 2,000) and
31st January 2020
Categories: SagaRetail News - Carrefour - Supeco - CFAO - Cote d'Ivoire - Ivory Coast
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Sagaci Research relaunches the KFC Index
En francais ci-dessous Kwa lugha ya Kiswahili hapa chini KFC Index identifies Central African CFA Franc as the most overvalued currency in Africa Sagaci Research, the leading independent pan-African market research and market intelligence firm, has released its “KFC Index” for January 2020. This twice yearly index utilises the prices of KFC chicken buckets in
31st January 2020
Categories: SagaRetail News - Lesotho - Egypt - Ghana - Angola - Cote d'Ivoire - Gabon - Kenya - Morocco - Mozambique - Nigeria - Senegal - Sudan - Tanzania - Tunisia - Uganda - Zambia - Zimbabwe - South Africa - Ivory Coast
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The essence of success
Essenza, one of the biggest specialty retailers of fragrances, cosmetics, and skincare products in Nigeria, recently opened its 32nd outlet in Abuja’s Jabi Lake mall. Founded a decade ago, Essenza now has outlets in four out of Nigeria’s five AA-rated malls. It also has two outlets in Ghana, and in 2019, it launched an online
29th January 2020
Categories: SagaRetail News - Retail - Nigeria
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Morocco Mall spreads its wings
Groupe Askal has unveiled plans to bring its Morocco Mall brand to Rabat and Marrakesh. The original Morocco Mall opened its doors in Casablanca during 2011. It is the largest mall in Morocco (with a gross leasable area – GLA – of 70,000m²) and one of only five malls in Morocco (and 33 in Africa
29th January 2020
Categories: SagaRetail News - Morocco