Ghana
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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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Massmart reports buoyant international sales in Q1, but Covid-19 will hit sales of durable goods hard
South African retailer Massmart’s international sales rose by 4.5% year-on-year in constant-currency terms and 5.0% in ZAR terms during the 13 weeks to March 29th, 2020. Comparable- or same-store sales increased by 4.4% and 3.5% in constant-currency and ZAR terms, respectively, over the same period. Massmart operates 30 stores under the Game banner in 11
6th May 2020
Categories: SagaRetail News - Supermarket - Massmart - Retail & Shopping Malls - Ghana - Nigeria - South Africa
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Zambeef continues retail expansion despite economic headwinds
Zambeef, which describes itself as “the largest vertically integrated food retailing brand in Zambia,” has reported total revenue of ZMW3.1 billion (USD210 million) for its 2019 financial year (the 12 months to September 2019), with its retail operations accounting for almost two-thirds of this. Zambeef’s retail revenue rose by 20.4% year-on-year, to ZMW2.0 billion (USD136
18th March 2020
Categories: SagaRetail News - Supermarkets - Zambia
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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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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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CityDia opens 18th supermarket in Ghana
CityDia opened a supermarket in the Accra suburb of Dansoman during mid-December 2018. 16 of its 18 stores are located in Accra, with one apiece in Kusami and Kyebi. It is also planning to build a 20,000m² distribution centre in the capital. João Rente Correia, general manager of CityDia Ghana, who previously worked for Portuguese
19th December 2019
Categories: SagaRetail News - Retail - Supermarkets - Ghana
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Chinese variety store chain continues its rapid African expansion
Miniso entered its seventh African market in September, opening a store in the Ghanaian capital Accra. It already had stores in Egypt, Kenya, Nigeria, Madagascar, Uganda, and Morocco, and its latest opening brings its total number of stores in Africa (excluding South Africa) to more than 30. Miniso sells products ranging from homewares and consumer electronics
22nd October 2019
Categories: SagaRetail News - Retail - Ghana
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Woolworths shuts two clothing stores and exits Ghana
Cape Town-based fashion retailer Woolworths closed its two outlets in Accra at the end of July. It opened its first Ghanaian store in 2002 and added a second 12 years later. Woolworths has not provided an explanation for this move, beyond stating that it followed “a comprehensive review of our operations in Ghana.” It added:
20th August 2019
Categories: SagaRetail News - Retail & Shopping Malls
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South African REIT seeks to exit six sub-Saharan malls
South African real estate investment trust (REIT) Hyprop Investments and its partners Attacq and Atterbury Group are seeking a buyer for the six malls they own in sub-Saharan Africa. Hyprop has an interest in four Ghanian malls (Accra, West Hills, and Achimota in the capital, as well as Kumasi City), in addition to Ikeja City
4th June 2019
Categories: SagaRetail News - Retail & Shopping Malls - Ghana - Nigeria - Zambia
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Sagaci Insights: SagaIncome and Socio-Demographics
Finding accurate data on household income in Africa can be challenging due to such factors as inadequate national statistics and bouts of monetary instability. At Sagaci Research, we have leveraged our on-the-ground network, which conducts some 600,000 survey interviews annually, to create a more robust alternative – SagaIncome. Covering five of the continent´s most important cities (Accra, Dakar,
23rd May 2018
Categories: Consumer - Ghana - Sagaci Insights - Kenya - Nigeria - Senegal - South Africa
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