• Angola remains Shoprite’s sore spot

    Shoprite has reported that sales (denominated in South African rand – ZAR) in its supermarkets outside of its native South Africa plunged 13.3% year-on-year during the second half of 2018. In constant currency terms (excluding the effect of foreign currency fluctuations), they were flat – rising by 0.1%. Angola, a petro-economy wracked by weak oil

    Categories: Retail & Shopping Malls - Angola - Nigeria - Zambia

  • Burger King sees “huge opportunity” in African markets

    Burger King parent company Restaurant Brands International (RBI) has revealed that it is in talks with potential franchisees with a view to expanding its presence in sub-Saharan Africa. According to Daniel Schwartz, CEO of RBI, the fast-food chain is “significantly under-penetrated” on the continent and has a “huge opportunity” to grow. José Cil, president of

    Categories: Foodservice - SagaRetail News - Consumer - Nigeria

  • Sagaci Insights: Shopping Malls in Africa

    The total number of shopping malls in Africa (excluding South Africa) almost doubled between 2011 and 2018 and is now approaching 600, with urbanisation, population growth, increased interest from international retailers, changing consumer lifestyles and rising household incomes among the factors driving growth. The sixth edition of Sagaci Research’s Shopping Malls in Africa report provides

    Categories: Retail & Shopping Malls

  • Retail heavyweights go toe-to-toe in Kenya

    Shoprite, Africa’s largest grocery retail chain, today opened its first store in Kenya, located in the Westgate mall in central Nairobi. This brings the South African retailer into direct competition with Carrefour, which has an outlet in the nearby Sarit Centre, for the first time. With its dark colours, non-ceramic flooring, wooden shelving and wide

    Categories: SagaRetail News - Retail & Shopping Malls - Kenya

  • Sagaci Research launches its 2018 Shopping Malls in Africa Report

    Sagaci Research has just published the sixth edition of its Shopping Malls in Africa report. It shows that the number of malls on the continent more than doubled between 2010 and 2018, with urbanisation, population growth, increased interest from international retailers, changing consumer lifestyles and rising household incomes among the main factors driving this growth. There

    Categories: SagaRetail News - Retail & Shopping Malls

  • Zara’s one-size-fits-all approach to African e-commerce

    On November 7th, Spanish fast-fashion retailer Zara announced that it was to commence online sales in 106 new markets, including many African ones, the next day. The African countries covered by this initiative include Angola, Côte d’Ivoire, Ghana and Senegal. All of these countries will be covered by a single global website that is available

    Categories: SagaRetail News - Retail & Shopping Malls - Ghana - Angola - Cote d'Ivoire - Senegal

  • Choppies gets chopped from Botswanan borse

    Botswanan supermarket chain Choppies has missed another deadline to publish its annual results (for the 12 months to June 2018), prompting the Botswanan Stock Exchange (BSE) to suspend trading in its shares. In a statement, the BSE stated that trading in Choppies’ shares “will remain suspended until the company complies with BSE listings requirements or

    Categories: SagaRetail News - Retail & Shopping Malls

  • Sagaci Insights: Putting a number on modern grocery retail sales

    Modern formats, such as supermarkets and hypermarkets, will account for 7.5% of grocery retail sales across the whole of Africa in 2018, according to a new study published by Sagaci Research. Defining a “modern” store as one with a sales area of more than 1,000m² or as part of a chain with at least three

    Categories: SagaRetail News - Consumer - Retail & Shopping Malls

  • Project Watch: Shining a light on solar power demand

    Localised solar power is often touted as a solution to Africa’s unmet energy needs, enabling communities to leapfrog large-scale electricity transmission networks that are expensive to build and maintain (in addition to often being unreliable in many areas) in a manner analogous to how mobile phone networks have superseded fixed-line telephony across much of the

    Categories: Consumer

  • Project Watch: Getting to the root of the matter

    Boosting agricultural productivity is seen by many as key to driving economic development across much of Africa, and Sagaci Research is currently researching this topic across a swathe of the continent for an agribusiness concern. This project builds on a similar study that we conducted for the same client in 2017.

    Categories: SagaRetail News - Agriculture

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