Africa & Middle East news & analysis

15 September 2020
Africa-based pure ecommerce retailer Jumia has announced new partnerships in Uganda and Kenya, while rolling out services to make it easier for shoppers to buy from it in Ghana. Jumia expands pick up stations’ presence in Ghana As it looks to make using its services as easy as possible and as it looks to benefit from the uptick in shopper interest in ecommerce in the region as a result of C...
21 August 2020
South Africa-based, Walmart-owned Massmart has released a sales update and trading statement for the 26 weeks ending 28 June, which highlights the impact of COVID-19 on its performance and its expected loss for the period. Total sales fell 9.7% in H1 2020… Massmart said while it had enjoyed an uptick in sales in June, with total sales rising 0.8% versus the same month in 2019, this was not ...
19 August 2020
At a corporate level, UAE-based Majid Al Futtaim saw a fall in revenue of 3%, to AED17.3 bn (US$4.7 bn), and a 27% decrease in its EBITDA, to AED1.6 bn (US$435.5m), in the first half of its financial year. In its results, its Retail division was a bright spot, with Majid Al Futtaim Retail reporting a rise in revenue and EBITDA. Majid Al Futtaim sees stark differences during first half The c...
14 August 2020
Pure play retailer Jumia has reported second quarter results, with gross merchandise volume (GMV) showing a 13.2% fall to €228m. As the retailer pushes for profitability, it highlighted how during the quarter its operating loss had also fallen, by 44% year-over-year, while its gross profit increased year-over-year, by 38%, to €23.3m. Annual Active Consumers hits 6.8m in Q2 2020 A focus for ...
12 August 2020
South Africa-based Shoprite saw sales in the 52 weeks to 28 June 2020 rise 6.4% to ZAR156.9 bn (US$8.9 bn), with like-for-like sales up 4.4%. The retailer’s performance was driven by its home market, where sales were up by 8.7%, aided by a strong second half of the financial year. The impact of coronavirus (COVID-19) on its results was underlined by Shoprite reporting that basket sizes grew 18.4%...
12 August 2020
As UAE-based LuLu grows its store base in Egypt and Abu Dhabi and rolls out a contactless payment solution in the UAE, we round up news from the retailer. LuLu expands presence in Egypt… LuLu has opened its second hypermarket in Egypt in Cairo’s District Mall in Sheraton Heliopolis. The new store was its 190th globally. Commenting on the retailer’s expansion plans for Egypt, LuLu’s chairman...
11 August 2020
South Africa-based Pick n Pay has published an earnings update, covering the 26 weeks to 30 August, which it says will ‘ reflect the considerable impact of the crisis to date ’. The retailer said the effect of three factors were expected to see it report a fall of more than 50% in its headline earnings per share. Mixed update highlights progress… In the update Pick n Pay highlighted how ‘ c...
10 August 2020
SPAR has announced it has expanded its global presence into a new market following the launch of the brand in the Republic of Ghana. SPAR Ghana to be operated by EcoDi SPAR said the brand had been licensed to EcoDi (Economic Distribution Company Ghana) in Ghana. EcoDi will use its existing infrastructure to support the supply chain to existing stores and to small-scale producers. The compan...
10 August 2020
As Majid Al Futtaim (MAF) enjoys fast-paced growth online and expands its range in Pakistan, we round up news and further developments from the retailer. Carrefour sees triple digit sales growth online… In an interview with CNBC Majid Al Futtaim’s chief executive, Alain Bejjani, discussed the ‘ fantastic surge ’ in online sales the company had seen during the pandemic. Bejjani said Carrefou...
15 July 2020
We round up developments from Kenya and Nigeria. Kenya: Carrefour expands its retail reach Carrefour, operated by Majid Al Futtaim in Kenya, has opened its eighth store in Nairobi’s Mega Shopping Mall. The store offers over 39,000 food and non-food items, with the retailer stating 99% of stock will be sourced locally. The store will also offer home delivery services aiding consumers struggl...