Africa & Middle East news & analysis

07 October 2013
Botswana-based Choppies has announced plans to enter Zimbabwe. Third market for the Choppies brand Choppies told the Botswana Stock Exchange that it had entered into an agreement with a third party that will see it acquire a 49% stake in a supermarket chain that operates 10 stores in Zimbabwe. When completed it will be Choppies' second market entry, following its expansion into South Africa i...
04 October 2013
Botswana-based Choppies has revealed annual results for the period ending June 2013, saying total revenue had risen 22% to BWP4.0 billion (US$461.1 million). Revenue growth aided by store openings In the retailer’s financial statement, it said: “ New store openings coupled with improved product mix and a higher percentage of Choppies-branded goods being sold, paved way for a strong growth in ...
30 September 2013
In separate developments, Majid Al Futtaim, Carrefour’s UAE-based franchisee, has said that it has opened new stores and that it would not pursue expansion in Egypt and Syria in the short term. Majid ‘wary’ of investing more in Egypt and Syria Majid Al Futtaim’s senior vice president for international retail development, Younus al Mulla, was quoted as saying that the company would not pursue ...
24 September 2013
Kenya-based Uchumi has signed an agreement with Tanzania’s National Social Security Fund, which will help it expand its presence in the market. Agreement will help Uchumi expand quicker Uchumi entered Tanzania in 2011, with the opening of a store in the Quality Centre mall in Dar es Salaam, but has yet to add another as of September 2013. The deal will give Uchumi preference in the occupancy ...
24 September 2013
France-based Auchan, in separate developments, is said to be looking at new opportunities to invest in Tunisia and through the introduction of a car share service for its Drive in Nantes, western France. Expanding shoppers’ Drive options The car share service, which enables shoppers to link their orders to another customer’s order when buying online, provides a new way for the retailer to exp...
18 September 2013
According to reports in l’Economiste, Carrefour’s franchisee in Morrocco, Label’Vie, has set out plans to continue investment in its operations in the country. Focus to remain on Atacadão banner… The retailer said that it would continue to invest in its operations, with the Atacadão banner a central part of its growth outlook. The statement came soon after Label’Vie opened its ninth Atacadão ...
16 September 2013
Portugal-based Sonae has announced plans to open stores in Angola in 2015, in partnership with Isabel dos Santos, the daughter of the country's president. Focus to be on hypermarkets Sonae has said that it will open five hypermarkets, with the first set to open in 2015. The retailer said that it continued ‘ to believe that there are still opportunities in the market ’. Sonae first signed a pa...
10 September 2013
Botswana-based Choppies has announced that the purchase of rival Supasave will help it drive revenue and profit growth in its forthcoming financial year, ending June 2014. Acquisition to drive revenue Speaking about the company’s next financial year, Choppies’ marketing manager, Otsile Marole, said that it hoped the acquisition would drive revenue growth of at least BWP200 million (US$23.3 mi...
03 September 2013
Kenyan retailer Uchumi has reported a 2.3% increase in sales for 2013, and a 20% increase in pre-tax profit. Sales and profits grew despite challenges In its results statement, Uchumi said it had been affected by challenges such as the euro debt crisis, general elections in Uganda and Kenya, devolution, a public spending freeze and high cost of living. The retailer continues to follow it...
29 August 2013
Woolworths (South Africa) has reported group operating profit up 29.1% for the full year ended June 2013, and confirmed the 23.2% rise in turnover reported at its preliminary announcement in July. Woolworths Food sales grow ahead of market In the second half, despite pressures on South African consumers, group sales continued the strong sales trend begun in the first half. They were ad...