zambia
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FX-woes continue to weigh on Shoprite’s turnover in sub-Saharan Africa
South Africa-based Shoprite, the largest supermarket chain in sub-Saharan Africa (SSA) with more than 400 outlets in 14 countries (excluding its domestic market), saw sales in these markets decline by 7.7% during the 12 months to June 2019. However, in constant-currency terms, they rose by 0.9%. Against a background of hyperinflation and currency depreciation, Angola
6th August 2019
Categories: SagaRetail News - Consumer
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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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Massmart reorients growth efforts towards East Africa and Zambia
South African retailer Massmart, in which Walmart holds a majority stake, intends to open 47 new stores by 2021, with about a third of this space to be located outside of its domestic market. According to CEO Guy Hayward, “Zambia and East Africa are interesting to us because they’re not totally dependent on mineral resources
7th March 2019
Categories: SagaRetail News - Kenya - Zambia
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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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Zambian agribusiness beefs up its retail presence
Zambeef Products is rapidly expanding its supermarket footprint in its native Zambia under the Macro banner, bringing modern retail to provincial towns like Wusakile in Copperbelt Province and opening a smaller store in Lusaka. During September 2018, Zambeef opened its first City Market Macro outlet in the capital. According to the company, this concept “is
16th November 2018
Categories: SagaRetail News - Retail & Shopping Malls - Zambia
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Massmart to open six new Builders Warehouse outlets
South Africa-based Massmart has unveiled plans to open six new Builders Warehouse stores over the next two years.These stores will located in Kenya, Mozambique, Swaziland and Zambia.
5th September 2018
Categories: SagaRetail News - Retail & Shopping Malls - Construction & Real Estate - Kenya - Mozambique - Zambia