Uganda
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Redundancies at Tuskys sound the alarm on Kenyan chain’s financial health
Website Standard Digital reports that Tuskys is to lay off “dozens” of workers during March. Tuskys is the largest retailer in East Africa, with 68 supermarkets in Kenya and Uganda, in addition to around 20 Mavazi apparel stores. “This is a business move aimed at restoring the company’s financial viability … The company’s performance in
21st February 2020
Categories: SagaRetail News - Retail - Supermarkets - Tuskys - Kenya - Uganda
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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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Carrefour expands in East Africa, while Naivas gobbles up what’s left of Nakumatt in Kenya
Carrefour franchisee Majid Al Futtaim (MAF) opened its first supermarket in Uganda during December and is due to enter the Tanzanian market in the very near future. The Ugandan store is located in Kampala’s Oasis Mall and has a sales area of 2,800m2. This mall formerly hosted Kenyan chain Nakumatt. Its first Tanzanian outlet will
30th December 2019
Categories: SagaRetail News - Retail - Supermarkets - Carrefour - Kenya - Tanzania - Uganda
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Tuskys talks up its growth prospects, but can it deliver?
Kenyan supermarket chain Tuskys plans to grow its store network by franchising its banner to independent retailers and opening more outlets in Shell service stations. Already the largest grocery retailer in East Africa (at least in terms of store numbers) since the precipitous decline of Nakumatt, Tuskys currently operates more than 70 outlets in Kenya
14th August 2019
Categories: SagaRetail News - Retail & Shopping Malls - Kenya - Uganda
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Carrefour set to step into Nakumatt’s shoes in Uganda
Majid Al Futtaim (MAF) has revealed that it will open Uganda’s first two Carrefour stores in spaces formerly occupied by Kenyan retail chain Nakumatt, which departed the local market in 2017. The Dubai-based retailer already operates stores under the Carrefour banner in Egypt and Kenya. Its entry into the Ugandan market follows a pattern established
5th July 2019
Categories: SagaRetail News - 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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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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Consumer Banking Uganda
In the first edition of the report, we explore the consumer banking landscape in Uganda. This includes information on banking penetration, services used as well as data regarding lending and domestic and international transfers. The report delves into specific aspects of the consumer banking profile, such as positioning of main brands in the Ugandan market,
20th February 2014
Categories: Consumer - Financial Services - Uganda