News

  • Heineken under pressure from AB InBev in Nigeria but may be about to double down

    Revenue at Nigerian Breweries plc declined at an annual rate of 10.8% during the first six months of 2020, to NGN151.8 billion (USD390 million). Its pre-tax profit plunged 57%, to NGN8.3 billion (USD21 million). With 11 production sites nationwide and a market share in excess of 50%, Nigerian Breweries is a barometer of the Nigerian

    Categories: Alcoholic drinks - Nigeria

  • Nigerian consumers squeezed by rising food prices, with worse to come

    The Association of Master Bakers and Caterers of Nigeria (AMBCN) has warned local consumers that a 50% hike in the price of bread is “inevitable.” According to Raji Omotunde, Lagos State chapter chairman of AMBCN, “Prices of all ingredients used for baking are too high, especially flour and sugar … selling at the current price

    Categories: Baked goods

  • How Covid-19 has changed Kenyan drinking habits

    Kenyan drinkers are consuming more spirits and less beer as a result of Covid-19 restrictions, according to regional market leader East African Breweries (EAB), in which Diageo has a majority stake. With Kenyan president Uhuru Kenyatta citing young people going out and consuming alcohol as a factor in the spread of Covid-19, sales of alcoholic

    Categories: FMCG - Consumer - Kenya

  • Sagaci Research publishes Tuskys Retailer Research Report 2020

    Can Tuskys survive, or is it likely to become just another tombstone in the graveyard of Kenyan grocery retail, alongside the likes of Nakumatt, Choppies, and Shoprite? This Retailer Research Report provides a detailed analysis of Tuskys’ development, ownership, management, operations, store network, and growth strategies in order to provide a comprehensive review of the

    Categories: SagaRetail News - Retail - Tuskys - Retail & Shopping Malls - Kenya

  • Shoprite confirms Kenya exit

    In a move that will surprise few, South African supermarket chain Shoprite has revealed that it is to exit the Kenyan market. It opened its first store in this market during December 2018 and had four (three in Nairobi and one in Mombasa) by the end of last year. However, this year it has closed

    Categories: SagaRetail News - Retail - Supermarkets - Shoprite - Kenya

  • Blog: Hard discounting set to grow in importance in Africa

    Pioneered by Aldi and Lidl in Europe, the hard discount format has become a strong presence in a number of North African markets over the past decade: Turkish chain BİM now has a total of more than 800 outlets in Morocco and Egypt (opening 75 last year alone), while Groupe Slama’s Aziza chain has more than

    Categories: Uncategorised

  • Covid-19 hits Massmart’s SSA sales, with Nigeria particularly weak

    Total sales at Massmart’s Rest of Africa division declined at an annual rate of 0.1% in ZAR terms and 3.8% in constant currency terms during the first six months of 2020. On a comparable store basis, rest of Africa sales fell by 1.5% in ZAR terms and by 5.1% in constant currency. South Africa-based Massmart,

    Categories: Uncategorised

  • Despite Covid-19 disruption, Jumia continues to narrow its losses

    In the three months to June 2020, operating losses at Africa-focused internet retailer Jumia declined at an annual rate of 43.6%, to €37.6 million. It operates across 11 African markets, with a particular focus on North Africa (Algeria, Egypt, Morocco, and Tunisia) and West Africa (Côte d’Ivoire, Ghana, Nigeria, and Senegal), in addition to Kenya,

    Categories: SagaRetail News - Retail - Internet retail - Jumia

  • Ghana becomes SPAR’s tenth African market

    Netherlands-based SPAR International has partnered with EcoDi (Economic Distribution Company Ghana) in a deal that will see all of the latter’s 17 outlets (most of which are located in the vicinity of Accra) convert to the SPAR banner by the end of this year. This deal makes Ghana SPAR’s tenth African market and its second

    Categories: SagaRetail News - Supermarkets - Africa - Spar - Ghana - Cote d'Ivoire

  • “The Lord will not allow Tuskys to die!”

    While its chief rivals Naivas and Quickmart both opened new outlets during July, Tuskys, Kenya’s second largest grocery retailer, has struggled to pay suppliers and landlords and keep its shelves stocked. The Standard newspaper reports that the chain’s sales fell by 35% during April and May. During mid-July, it was revealed that New Kenya Cooperative

    Categories: SagaRetail News - Retail - Supermarkets - Tuskys - Kenya - Uganda