News
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Hard discounters capitalise on Covid-19 to gain market share
Supeco, Carrefour’s hard discount format, is thriving in francophone West Africa, according to local franchisee CFAO. “Our Supeco format exploded with Covid-19,” Jean-Christophe Brindeau, general manager of CFAO Retail, told website Jeune Afrique recently. CFAO franchises the Carrefour and Supeco banners in Senegal, Côte d’Ivoire, and Cameroon. “In these stores, average monthly turnover has risen
3rd July 2020
Categories: SagaRetail News - Carrefour - Supeco - Côte d'Ivoire - CFAO - Retail & Shopping Malls - Angola - Cameroon - Senegal
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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
30th June 2020
Categories: Uncategorised
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As Tuskys flounders, three of its rivals open new stores
Tuskys may be struggling, but its smaller rival Quickmart continues to expand rapidly in Nairobi. Meanwhile, Carrefour and Chandarana Foodplus also opened new outlets during June. The Competition Authority of Kenya initiated an investigation into Tuskys after it fell behind on supplier payments (according to media reports, it owes them KES1.3 billion – USD12.1 million),
30th June 2020
Categories: SagaRetail News - Retail - Supermarkets - Africa - Shoprite - Carrefour - Supermarket - Quickmart - Retail & Shopping Malls - Kenya
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Nigeria’s FoodCo joins the online supermarket rush
Nigerian supermarket chain FoodCo has joined the Covid-19-inspired rush into sub-Saharan e-commerce. Rather than using a third-party, the chain has also launched its own delivery service, promising delivery in Ibadan and the Lagos suburb of Lekki within two hours. Founded in Ibadan, the capital of Oyo State in the southwest of the country, during the
26th June 2020
Categories: SagaRetail News - Retail - Nigeria
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Thinking inside the box
A small, but growing, number of African consumers are turning to vegetable boxes supplied by the likes of Zimbabwe’s Fresh In A Box, PricePally in Nigeria, Market Garden Uganda, and Tambula in Namibia as a safe and convenient alternative to open-air markets during the Covid-19 crisis. These online players mainly source fruits and vegetables directly
25th June 2020
Categories: SagaRetail News - Retail - Nigeria - Uganda - Zimbabwe - Namibia
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Covid-19 disruption exposes supply-chain weaknesses, driving up food prices in sub-Saharan Africa
Many African countries have seen substantial increases in food prices over the past couple of months. In Nigeria, the annual rate of food price inflation hit a two-year high of 15.0% during May. Local newspaper The Guardian noted a surge in wholesale prices: “A 50kg bag of rice that sold for NGN18,000 (USD47) is now
16th June 2020
Categories: SagaRetail News - Retail - Kenya - Nigeria
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Isabel dos Santos’ Angolan hypermarket chain to close half of its stores
Angolan chain Candando, a subsidiary of Contidis Group, is to close three of its six outlets. It has struggled to import products since its Portuguese bank accounts were frozen in January 2020 at the request of the Angolan Attorney General. The latter is pursuing Isabel dos Santos, the owner of Contidis Group, on charges of
10th June 2020
Categories: SagaRetail News - Retail - Supermarkets - Angola
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How is Covid-19 impacting Kenyans?
A SagaPoll survey conducted online in Kenya during May has found that almost two-thirds of respondents were “extremely worried” by Covid-19, with more than half fearful of a decline in their income. A third said they had skipped meals, while another quarter said they were eating less. Meanwhile, economic uncertainty has driven a sharp decline
26th May 2020
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Jumia sees its number of active users jump by half
The number of annual active consumers (those who have made a purchase during the prior 12 months) using Jumia increased at an annual rate of 51% during the first three months of 2020, to 6.4 million, according to the online retailer’s latest quarterly report. The total number of orders it received rose by 28% year-on-year
15th May 2020
Categories: SagaRetail News - Retail - Supermarkets - Africa - Naivas - Carrefour - Internet retail - Consumer - Retail & Shopping Malls
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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
14th May 2020
Categories: Blog - Retail - Supermarkets - Africa - Consumer - Retail & Shopping Malls - Angola - Uncategorised - Cote d'Ivoire - Kenya - Nigeria - Senegal - Zambia