Côte d’Ivoire
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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
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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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Retail Holding opens two more Carrefour stores in Morocco and looks to Ivorian subsidiary for international growth
Local Carrefour franchisee Retail Holding recently opened two new Carrefour Markets in Morocco, bringing its total number of outlets in the country to 79. These are located in Rabat (with a sales area of 559m2) and the Casablanca suburb of Bouskoura (634m2). It is planning to open a total of 18 new stores in Morocco this
17th March 2020
Categories: SagaRetail News - Supermarkets - Africa - Carrefour - Côte d'Ivoire - Burkina Faso - Mali - Mali
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Jumia re-orients consumer proposition as it seeks path to profitability
Having exited the Cameroonian, Tanzanian, and Rwandan markets over recent months and reoriented its marketing efforts towards lower-value items, internet retailer Jumia saw its gross merchandise value (GMV) decline at an annual rate of 3% during Q4 2019, from €311 million in Q4 2018 to €301 million. However, for 2019 as a whole, GMV rose
11th March 2020
Categories: SagaRetail News - Egypt - Ghana - Cote d'Ivoire - Kenya - Morocco - Nigeria - Senegal - South Africa
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Mr Bricolage opens new store in Morocco, but SSA growth plans have stalled
French DIY chain Mr Bricolage has opened its eighth Moroccan outlet in Dar Bouazza, a rapidly expanding suburb of Casablanca. With a sales area of just 1,200m2, it is much smaller than the typical Mr Bricolage outlet, with the company referring to it as a “convenience store” (magasin de proximité). “With this new opening, the
10th March 2020
Categories: SagaRetail News - Cote d'Ivoire - Morocco
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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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Ivorian retailer seeks to remake the traditional market
Supermarkets continue their inexorable growth across much of sub-Saharan Africa (SSA), but some local entrepreneurs are attempting to hybridise this format with traditional markets to produce something that is uniquely African. The Prince Ebeano supermarket chain in Nigeria is one example of this, but Socofrais is taking the concept a step further in Abidjan, the
3rd December 2019
Categories: SagaRetail News - Retail - Supermarkets - Cote d'Ivoire
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Jumia crowds out smaller rivals in West African e-commerce
Yaatoo and Afrimarket have both thrown in the towel, reinforcing Jumia’s dominance of this nascent market. Côte d’Ivoire-based retailer Groupe Prosuma pulled the plug on Yaatoo, its e-commerce division. Doungnan Coulibaly, who led Yaatoo, told local media that Prosuma’s shareholders were not prepared to provide additional funding for the venture. Launched in 2016, Yaatoo has
19th September 2019
Categories: SagaRetail News - Retail - Cote d'Ivoire
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Carrefour set to more than double its Ivorian store count
Website Africa Intelligence reports that CFAO is planning to open five new Carrefour outlets in Côte d’Ivoire. Four of these are to be located in Yopougon, the most populous of Abidjan’s ten communes, where CFAO opened a Carrefour Market within the Cosmos Yopougon mall late last year. It is likely that the new Yopougon stores
18th September 2019
Categories: SagaRetail News - Retail & Shopping Malls
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Retail Holding raises capital to expand and modernise Ivorian subsiduary
Morocco-based Retail Holding has raised MAD600 million (USD62 million) from the private placement of a five-year bond in order to consolidate its control of Ivorian wholesaler and retailer CDCI and fund its expansion and modernisation. This comes after reports in the Ivorian media earlier this year that CFAO (Carrefour’s franchisee in francophone West Africa, which
19th August 2019
Categories: SagaRetail News - Retail & Shopping Malls - Cote d'Ivoire - Morocco
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