News
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Niger’s leading bottled water brand wants to become a “regional champion”
Founded in 2013, Niamey, Niger-based bottled water manufacturer Belvie has gone from start-up to local market leader in less than seven years and is now intent on replicating that success in neighbouring markets. Rohan Garg, co-founder and managing director of Belvie Beverages, said he spotted a gap in the market between cheap sachets of water
22nd September 2020
Categories: Non-alcoholic beverages
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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
18th September 2020
Categories: Alcoholic drinks - Nigeria
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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
16th September 2020
Categories: Baked goods
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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
16th September 2020
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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
16th September 2020
Categories: SagaRetail News - Retail - Tuskys - Retail & Shopping Malls - Kenya
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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
8th September 2020
Categories: SagaRetail News - Retail - Supermarkets - Shoprite - Kenya
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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
7th September 2020
Categories: Uncategorised
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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,
3rd September 2020
Categories: Uncategorised
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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,
2nd September 2020
Categories: SagaRetail News - Retail - Internet retail - Jumia
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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
1st September 2020
Categories: SagaRetail News - Supermarkets - Africa - Spar - Ghana - Cote d'Ivoire