Africa & Middle East news & analysis

01 March 2013
Qatar-based Al Meera has announced that it has completed the acquisition of UAE-based Al Safeer’s operations in Oman, marking Al Meera’s first entry outside its home market. Acquisition to add five stores to Al Meera’s portfolio The purchase of Al Safeer’s operations in Oman will see Al Meera acquire five stores in the market. The two hypermarkets and three supermarkets generated sales in the...
28 February 2013
Saudi Arabia-based Panda, part of the Savola Group, has set out its expansion strategy for 2013, as part of its parent group’s annual conference. Vision is to be ‘leading retailer in the region’ As part of the group meeting, Panda’s chief executive, Muwaffaq Mansour Jamal, discussed the company’s aim to be ‘the number one mass market retailer in the region’. To meet this aspiration, Jamal sai...
28 February 2013
La Vie Éco reports that a number of retailers in Morocco are looking to add stores during 2013. Competition to intensify during year As part of the company’s Action Plan for 2012 to 2014, locally-based Marjane has previously stated an aim of investing MAD4.8 billion in the addition of 40 new stores and shopping centres across the country. The plans will build on the company’s presence of 30 h...
27 February 2013
Kenya-based Uchumi, which also operates in Uganda and Tanzania, has announced that during the first half of its 2013 financial year, which ended on 31 December 2012, net sales increased by 1.2% to KES7.59 billion. Weak sales growth hindered by inflation Uchumi said that consumer price inflation stood at 10% during 2012, which hit shopper spending. However, the slowdown in sales growth is not ...
25 February 2013
Qatar-based Al Meera has announced that it has opened its first Géant hypermarket in its home market, following the agreement it signed with Casino in 2011. Géant brand to be expanded by Al Meera Al Meera signed a franchise agreement with Casino that will see it add hypermarkets and supermarkets in Qatar and Oman. The recently opened store, at the Hyatt plaza in Doha, is the first evidence ...
18 February 2013
Kenya-based Nakumatt’s managing director, Atul Shah, has, at the opening of a new store, discussed how the company will invest more than KES1 billion to improve its existing operations and expand its retail footprint. Five new stores to be added in 2013 At the opening of Nakumatt’s 39th store, Shah said that the company was aiming to add five stores across both Kenya and Uganda. Commenting on...
18 February 2013
Woolworths has announced that despite operations outside its home market of South Africa accounting for only a small share of its sales in 2013, it is looking to invest in regional growth as part of a ‘long play’ on Africa’s continued economic expansion. Expansion to be driven by company-owned stores Woolworths’s expansion strategy will focus on adding company-owned stores or through operatin...
15 February 2013
South Africa-based Woolworths has announced that during the first half of its financial year it enjoyed total sales growth of 18% and a rise in like-for-like sales of 9.4%. Grocery sales see strong growth The company said that food sales had risen by 11.1%, aided by an increase in price of 7.4%. Like-for-like sales were up by 7.8%, underlining the strength of Woolworths’s performance. Clothin...
07 February 2013
Panda, part of the Saudi Arabia-based Savola Group, has announced that it enjoyed sales growth of 10.9% in 2012. Results show positive trend for the retailer Panda’s unaudited results for the 2012 full year, ending 31 December, showed that sales had increased by 10.9% to SAR10.1 billion, from SAR9.1 billion in the previous year. The results also showed that Panda’s net income had risen by 55%...
04 February 2013
Reports in Kenya’s Business Daily suggest that locally-based Nakumatt is looking to sell a 25% stake to finance expansion in its home market and neighbouring countries. Investment to build on Nakumatt’s strong foundations The reports suggest that Nakumatt’s managing director Atul Shah will dilute his family’s stake in the business, which stands at 90%, by selling a 25% stake to either institu...