supermarkets
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Kenyan middleweights join forces to take on the big boys
Having acquired a majority stake in Tumaini Self Service Ltd. earlier this year, Sokoni Retail Kenya, which is controlled by private equity firm Adenia Partners, has now finalised a deal to take a majority stake in rival supermarket chain Quickmart from its founding family. The new entity will be called Quickmart, and all Tumaini stores
13th September 2019
Categories: SagaRetail News - Retail & Shopping Malls - Kenya
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South African retailers caught up in xenophobic backlash
A number of Shoprite and Pick n’ Pay outlets were among the South African businesses targeted by looters in Nigeria and Zambia during early September. Mobile communications provider MTN and clothing chain Pepkor were also affected. These attacks were triggered by xenophobic attacks on foreigners and foreign-owned businesses in Johannesburg that resulted at in least
12th September 2019
Categories: SagaRetail News - Retail & Shopping Malls - Nigeria - Zambia - South Africa
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MAF unveils ambitious growth plans for Carrefour banner in Egypt
UAE-based Carrefour franchisee Majid Al Futtaim (MAF) is ramping up its presence in Egypt. In April, it unveiled ambitious plans to open 20 new stores by the end of this year, which would bring the total number of Carrefour stores in this market to 60. In the longer term, it is planning to increase the
30th April 2019
Categories: SagaRetail News - Egypt - Retail & Shopping Malls
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MAF sees Kenyan Carrefour sales soar and eyes new markets
UAE-based Carrefour franchisee Majid Al Futtaim (MAF) saw its Kenyan sales rise by 71% during 2018, to AED506 million (USD137.8 million). MAF currently operates seven stores (six hypermarkets and one supermarket) in Nairobi. Nairobi’s eighth Carrefour store (another hypermarket) is due to open later this year in the premises formerly occupied by Nakumatt along the
9th April 2019
Categories: Egypt - Retail & Shopping Malls - Kenya - Uganda - South Africa
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Import restrictions threaten supermarket supply chains in Southern Africa
According to The African Development Bank’s annual African Economic Outlook, which was published last month, such South African retail chains as Shoprite risk becoming victims of their own success in Southern Africa. This is because governments in the region have begun to perceive them as a threat to local economic development and are moving to
25th February 2019
Categories: SagaRetail News - Retail & Shopping Malls - Zambia - Zimbabwe - South Africa
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East Africa’s largest supermarket chain prepares to go public
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
Categories: SagaRetail News - Retail & Shopping Malls - Kenya
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CFAO pivots from hypermarkets to hybrid-markets in West Africa
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 Supeco
24th January 2019
Categories: SagaRetail News - Retail & Shopping Malls - Ghana - Cameroon - Cote d'Ivoire - DR Congo - Gabon - Nigeria - Senegal
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Nakumatt and Uchumi continue their downward spirals
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
Categories: SagaRetail News - Consumer - Retail & Shopping Malls - Kenya
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Gimme shelter
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
Categories: SagaRetail News - Retail & Shopping Malls - Agriculture
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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
26th October 2018
Categories: SagaRetail News - Consumer - Retail & Shopping Malls