Tuskys, which operates more than 60 stores in Kenya and Uganda and has overtaken the faltering Nakumatt to become the region’s largest retailer, is planning to list on the Nairobi Stock Exchange (NSE) this year. “We will definitely join the main market segment. Two weeks ago, we entered an incubation period with the NSE. This
15th February 2019
Multinational conglomerate CFAO has brought the Carrefour brand to Senegal, opening a 1,800m² Carrefour Market in Dakar, what head of CFAO Retail Jean-Christophe Brindeau described as a “soft launch.” Brindeau also signalled a shift in CFAO’s West African strategy away from hypermarkets and towards a new hybrid banner. CFAO is planning to bring the Supereco
24th January 2019
A number of suppliers have joined Githunguri Dairy in filing for Kenyan supermarket chain Uchumi to be wound up, while rival Nakumatt is faring little better. More than 20 of Uchumi’s creditors are seeking to recover debts amounting to KES900 million (USD8.8 million). The retailer was also recently evicted from its headquarters in Nairobi Industrial
21st November 2018
Traditional retailers in Nakuru County, which is located to the northwest of the Kenyan capital, Nairobi, are seeking protection from the growing threat posed by modern formats to their livelihood by means of a ban on the sale of fresh produce in local supermarkets. Hezron Muiri, one of the traders behind this campaign, claimed “The
9th November 2018
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
26th October 2018
S2 Africa, a partnership between Portuguese supermarket chain Sonae and London-based investment fund Satya Capital, has shuttered the three supermarkets it had been operating in the Mozambican capital of Maputo.
25th October 2018
With Nakumatt now a shadow of its former self SagaRetail news, rival supermarket chains like Naivas and Tuskys are taking over some of the anchor tenancies it has vacated in such high-end malls as Nairobi’s Capital Centre and seeking to appeal to more affluent consumers.
5th October 2018
While traditional retailers continue to dominate, modern formats like supermarkets and hypermarkets are eroding their market share in many urban centres across the continent. It is with this in mind that Sagaci Research is launching a series of reports on the main players in African grocery retail.
26th September 2018
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