Africa & Middle East news & analysis

02 July 2013
Carrefour’s franchisee for the Middle East, Majid Al Futtaim, has announced plans to invest AED3 billion (US$816.6 million) in expanding a number of its businesses in the market, not just retail. Investment follows ‘return to growth of the Dubai market’ Majid Al Futtaim said that it would invest in building hotels, expanding two of its shopping centres in Dubai, with AED96 million (US$26.1 ...
26 June 2013
In an interview with the Africa Report, South Africa-based Shoprite’s executive director, Christo Wiese, discussed the retailer's outlook on growth on the continent. Wiese urges caution on Africa's outlook Despite the general point of view that Africa's opportunity has arrived and companies should invest, Weise struck a note of caution, saying: “ It is not easy. In Africa, you don't have shop...
24 June 2013
In an article in South Africa’s Financial Mail, Pick n Pay’s chief executive, Richard Brasher, discussed the company’s medium term strategy. Short term aim is on ‘stabilising the business’ Brasher first said that Pick n Pay had not changed enough over a decade and then felt it had to change a lot to catch back up. As such, his first steps would be ‘ to stabilise the business, reintroduce st...
18 June 2013
Botswana-based Choppies has, according to the country’s Competition Authority, won the battle to acquire its rival SupaSave. Purchase to expand Choppies’ presence The acquisition of SupaSave will add a further six stores – in Gaborone, Molepolole and Palapye – and add further capacity to Choppies’ wholesaling business. Although Choppies already accounts for a sizeable share of Botswana’s mode...
11 June 2013
The UAE-based franchisee of Casino’s Géant banner, Fucom, has announced that it has launched an online store selling both grocery and non-grocery items in the market. Géant Online offers shoppers full product range Fucom say that Géant Online – www.geantonline.ae – is the first time that a retailer has enabled shoppers to purchase both grocery and non-grocery ranges online in the UAE and ad...
08 June 2013
The final day of IGD’s trip to Bentonville included the Annual General Meeting, the focal point of its shareholders week, with a high energy early morning meeting of 14,000 Walmart associates and shareholders. Senior execs then also gave a Q&A with analysts. Shareholders' Meeting As always, the event included some big name acts including host Hugh Jackman and performances from John Legend, K...
07 June 2013
Day two of IGD’s trip to Bentonville included a visit to a Walmart Distribution Centre, a Supercenter and meetings and Q&A with key Execs. Key highlights are as follows: Key Insights from Day Two 1. Distribution Centre Tour DC #6094 is a Regional DC serving 130 Walmart Supercenters, discount stores, Neighborhood Markets and Walmart Express stores in parts of Arkansas, Missouri, Oklahoma a...
06 June 2013
IGD is in Bentonville this week to cover the annual Walmart Associates and Shareholder event. It’s a key week in the Walmart calendar, bringing together media, analysts, shareholders and associates for an update and celebration of everything Walmart. Today we attended a session at Sam’s Club as well as several presentations with key Walmart Execs. Key Insights from Day One 1. Sam’s Club: Se...
29 May 2013
France-based Carrefour has announced that it has signed a memorandum of understanding with CFAO that will enable the latter to take the Carrefour brand into eight countries in West and Central Africa. Joint venture to aid expansion of Carrefour brand The two companies said that the joint venture will be owned 55% by CFAO and 45% by Carrefour . The joint venture company will benefit from excl...
28 May 2013
Soon after purchasing Carrefour’s stake in its joint venture, UAE-based Majid Al Futtaim has announced plans to invest up to US$1 billion in 2013 to expand its presence across the region. Outlay to fund expansion in Middle East Iyad Malas, Majid Al Futtaim’s chief executive, was quoted by Reuters as saying: “ Our capital investments could be anywhere between $600 million and $1 billion this ...