Africa & Middle East news & analysis

25 July 2018
We look at Majid Al Futtaim’s latest expansion plans. Lebanon focus Majid Al Futtaim is planning on investing US$2 bn in the Lebanese market by 2030. The retailer made this announcement after opening a new store in Mount Lebanon. Growing the Middle East business This is part of the group’s overall plans of expansion, which covers 15 countries, with an investment of US$50m over the nex...
24 July 2018
UAE-based Lulu has announced further expansion plans. We look at these and its latest store opening in more detail. 15 new hypermarkets by 2020 Lulu has opened its 13 th hypermarket in Saudi Arabia’s capital, Riyadh, and its 150 th hypermarket overall. It is the retailer’s largest hypermarket, at 220,000 sq. ft. The retailer’s overall expansion fits with the principles of Saudi Arabia'...
24 July 2018
We look at the latest results from South Africa-based retailers Massmart, Pick n Pay, Shoprite, SPAR and Woolworths. Challenging trading environment The current trading environment remains incredibly tough in South Africa. Shopper spending continues to be constrained by rising fuel costs and tax increases. Retailers are therefore increasingly competing over price. Pick n Pay: strongest p...
19 July 2018
South Africa-based Shoprite has provided an operational update saying its total turnover rose 3.3% to ZAR145.6bn (US$11.0bn) in its 2017 financial year. The company noted the effect of hyperinflation in Angola, which impacted on results. Without the impact of hyperinflation in Angola, Shoprite said Group turnover increased by 3.6%, while excluding Angola from its results completely saw its tur...
13 July 2018
Middle Eastern online retailer Noon is expanding its business into Asia and entering China. It is looking to launch a new grocery delivery service in the market by the end of 2017. We look at these plans in more detail. Who is Noon? Noon launched its online marketplace in October 2017 in the UAE and Saudi Arabia. It sells a wide range of products including electronics, fashion and fo...
11 July 2018
Kenya-based ecommerce platform Kilimall is looking to expand across Africa. We look at the retailer in more detail and its future expansion plans. Getting to know Kilimall Kilimall is an online platform that was founded in 2014. It sells products across many categories from electronics to fashion. Anyone can buy or sell through the site. The retailer has a strong value proposition. It ha...
04 July 2018
Following Alibaba's entry into Africa in late 2017 the business continues to invest in the market. We look at how Alibaba Business School and UNCTAD (United Nations Conference on Trade and Development) have developed a programme to support young entrepeneurs in Africa. Teaching about the impact of ecommerce Alibaba recently used its Hangzhou headquarters to host the eFounders Fellowship Pro...
04 July 2018
United Arab Emirates-based hypermarket chain Lulu’s expansion plans continue both in Asia and the Middle East. We explore the retailer's short-term AED2 bn (US$544m) investment plans further. Entering China Lulu is looking to enter China by mid-2019. The retailer has not yet announced exactly what this will look like.  It has chosen China as it sees potential in the large, growing populatio...
03 July 2018
Zimbabwe’s retail environment is being influenced by a mixture of economic challenges from the past and renewed optimism for the future. We look at this in more detail. Economic challenges from the past   Unemployment remains a challenge in Zimbabwe, being estimated as high as 95%. As the price of basic goods continues to rise, shoppers also feel as though they have little spending power. A...
25 June 2018
South Africa-based FreshStop is Food Lover’s Market forecourt format operating in Caltex fuel stations. It has quickly expanded to over 270 stores since its creation in 2009. We look at the latest developments to its proposition including its new format and expanding food-to-go range. Reaching remote rural areas FreshStop has introduced a new small format of around 40m 2 that will be rolle...