Africa & Middle East news & analysis

09 May 2018
Qatar-based Al Meera is continuing to add stores despite the challenging macroeconomic environment it is operating in. We look at the retailer’s results, expansion and its strategy for the future in more detail. Positive FY2017 results • Total sales of +10% to QAR2,865m (US$780m) in 2017 from QAR2,604m (US$709m) in 2016 • Like-for-like sales of +3.3% to QAR2,634m (US$717m) in 2017 to ...
09 May 2018
UAE-based Majid Al Futtaim, which operates the Carrefour brand in Africa and the Middle East under franchise, has announced plans to grow its presence in both regions. We look at these in more detail as the retailer prepares to meet future growth opportunities. Kenya: first Carrefour Market store Majid Al Futtaim plans to open the first store under the Carrefour Market banner in Kenya. It w...
26 April 2018
As South Africa-based Pick n Pay sets out its strategic investment plans for 2018 and Massmart looks positively on potential developments for the year ahead and Botswana-based Choppies announces H1 results, we round up news from the region. Pick n Pay to put focus on smaller stores… Following its positive full year results Pick n Pay’s chief executive, Richard Brasher, has said the reta...
19 April 2018
South Africa-based Pick n Pay has released its FY2018 results. They show a positive performance, with +5.3% in revenue. • Revenue increased 5.3% to ZAR81.6 bn (US$13.3m) in 2018 from ZAR77.5 bn (US$64.7) in 2017 • Like-for-like sales increased by 2.2% compared to 3.4% in 2017 • This was driven by a strong final quarter in South Africa where sales increased by 8% and like-for-like by 5.3% ...
19 April 2018
We look at the merger of Nigeria-based ecommerce companies Konga and Yudala. Both sites are online marketplaces selling electronics, clothing and homeware. The merger will see the companies combine under the Konga brand. The aim being to create a new omnichannel service for shoppers. Konga branding Under the Konga brand name there will be two CEO’s. This will be Nick Imudia who will look af...
11 April 2018
UAE-based Lulu is continuing to support the promotion of local produce in its stores in Qatar. We look at this and how the government is aiming to reduce the counties country’s dependence on food imports. Qatari Potatoes Festival The retailer has launched a “Qatari Potatoes Festival” with the Agricultural Affairs Department. The event will last three days and will be a platform for local fa...
11 April 2018
UAE-based ADNOC Distribution, a fuel service operator, is planning further expansion in its home market and to enter Saudi Arabia. We look at these plans in more detail. UAE expansion ADNOC currently operates around 360 fuel stations in the UAE, with 235 of these including its convenience store, Oasis. These stores are mainly in Abu Dhabi. It will now enter Dubai, through the opening of ...
05 April 2018
We look at the latest developments from SPAR in the Middle East and Africa. This includes launching a new m-money payment service in South Africa and expansion in Qatar. South Africa: eWallet payments SPAR South Africa has partnered with First National Bank to create a new payment method for shoppers. eWallet@till can be used to pay for purchases and make cash withdrawals through mobile pho...
04 April 2018
As Saudi Arabia-based Savola Group releases its 2017 annual report, we review Panda Retail Company’s year in more detail. This includes the challenges the retailer has faced, how the business has changed, and what the future looks like. Falling FY revenue Panda’s Q4 revenue was SAR2.9 bn (US$772m), a 12.6% fall on Q4 2016’s SAR3.4bn (US$905m). Its FY 2017 revenue was SAR11.7bn (US$3 bn), do...
28 March 2018
South Africa-based Massmart has announced its expansion plans for the next three years. This includes new stores in its home market of South Africa and others across Africa. Increasing retail space 36% Massmart aims to open 20 new stores across Kenya, Ghana, Mozambique, Zambia and Swaziland. Eight of these are planned to open in 2018, with the remaining 12 to be completed by 2021. This will...