Africa & Middle East news & analysis

09 May 2013
Turkey-based discounter BIM has announced first quarter results saying that sales had risen by 15.1% to TRY2.8 billion (US$ 1.6 billion). Average basket size grows BIM said that like-for-like sales increased 5.8%, while the average basket edged up 1.8% to TRY10.98 (US$6.08), underlining how the retailer continues to advance its performance in the market. Store growth aids sales developme...
07 May 2013
Kenya-based Nakumatt has announced plans to target the country’s outdoor events through the use of a store that is able to be transported throughout the country on the back of a truck. ‘Nakumatt on Wheels’ brand to be launched in June The retailer said that the 200 square feet, containerised store will be developed and housed in a 20 foot shipping container and will be first seen at an off ro...
07 May 2013
Botswana-based Choppies has, according to the country’s Competition Authority, applied to wholly acquire local rival SupaSave. Acquisition to bolster Choppies’ operations Choppies’ proposal is for it to acquire SupaSave and its sourcing and supply subsidiary MegaSave. If accepted, the acquisition will add six stores to Choppies’ existing operations in Botswana. Competition Authority seeks ...
29 April 2013
Pick n Pay has announced plans to extend its partnership with BP in South Africa and Mozambique, which will see the expansion of its Express convenience store concept on BP forecourts. Investment to occur over five year period The companies said that the addition of 120 Express stores would require an investment of ZAR2.7 billion (US$296.4 million) over the next five years, with 40 stores s...
29 April 2013
Two retailers have announced plans to grow their presence in the UAE, Carrefour through an expansion of its existing operations and Gulfmart through entry into the market. Gulfmart to enter UAE Gulfmart, which operates stores in Bahrain and Kuwait, has entered the UAE market with the opening of a 6,000 sq m hypermarket in Sharjah. The price-oriented retailer, as of April 2013, runs 20 store...
23 April 2013
Pick n Pay has reported turnover growth of 7.1% for the year ended 3 March 2013, to USD6.5bn, with gross profit up 5.3%. 'We failed to turn sales into sufficient profit' Despite the sales and profit growth, Pick n Pay feels this performance is not up to its standards. The retailer sold more product and served more customers during the year, however heavy investment in the business improv...
12 April 2013
Kenya-based Uchumi has announced plans to enter the new markets of Rwanda and South Sudan during 2013. Retailer investigates opportunities for new stores and markets Uchumi’s chief executive, Jonathan Ciano, said that the retailer was planning to add six new stores, to its total of 27 as of April 2013 – in the next six months, while also looking for a chance to expand into Rwanda and South Su...
12 April 2013
Spinneys’ chief executive, Michael Wright, has told Arabian Business that the retailer is searching for opportunities to expand in Kuwait and Saudi Arabia. Retailer to add 10 stores in Saudi Arabia Wright said that the company was aiming to open 10 stores in Saudi Arabia, with a focus on Jeddah and Riyadh. He was quoted as saying: “ In Saudi Arabia, we’ve worked with the developer on projects...
12 April 2013
South Africa-based Pick n Pay, through its 49% stake in Zimbabwe-based TM Supermarkets, has announced plans to expand in the market. Retailer to invest $25 million in operations Pick n Pay will invest $25 million in TM Supermarkets to help it builds it presence in Zimbabwe and continue to improve the retailer’s back end operations. Commenting on the investment, John Moxon, executive chairpe...
10 April 2013
Turkey-based BIM has opened its first store in Egypt according to reports, marking its entry into the country. 2013 to see further expansion for BIM The retailer has previously stated that it aims to operate 14 stores in the greater Cairo by the end of April and 30 by the end of 2013. In the medium term BIM will look to expand into Alexandria and other population centres of the Nile delta...