Lagos’s infamous back-to-back traffic can turn a simple trip to the grocery store into a time-consuming ordeal.
In 2011, we published an article in HBR examining the surprisingly rapid growth of African economies and consumer markets.
Despite a slowdown in consumer spending across South Africa, Pretoria’s Menlyn Park Shopping Centre is undergoing a R2.5 billion revamp that will make it the largest mall in Africa, unseating Durban’s Gateway Theatre of Shopping.
A property market crash in Nigeria offers opportunities for brave investors betting that Africa’s most populous nation will deliver high returns when it climbs out of recession.
Nigerians are certainly warming to the idea of shopping online — especially through mobile — and this is widely expected given how suited the concept is for addressing the needs of an underserved population with a fast-growing middle class.
The conversation about Africa is shifting from one of “deficits” and “gaps” to one about opportunities, prospects, ventures and creativity.
Olatorera Oniru is one of Nigeria’s most assiduous and ambitious young entrepreneurs. The 29 year-old lady is the founder of Dressmeoutlet.com, a Lagos-based e-commerce startup that retails fashion products sourced from across the globe.
South African supermarket operator Pick n Pay plans to expand into Nigeria next year through a partnership with a local conglomerate, as it seeks to reduce its reliance on its home market, it said on Tuesday.
Anheuser-Busch InBev will invest 1 billion rand ($69 million) to support South African farmers as part of concessions agreed with the government to secure regulatory approval for its $100 billion-plus takeover of SABMiller.
South Africa’s largest shopping center development to date, the $340 million Mall of Africa, will be fully operational in 17 days — on 28 April 2016.
UAE investors have been urged to follow in the footsteps of the Majid Al Futtaim Group and the Landmark Group by pursuing property opportunities in East Africa.
As an Africa business coach and consultant I have the pleasure of wandering through African business news and related success stories as part of my job.
The African subsidiary of Swiss media and e-commerce company Ringier has acquired Nigerian online shopping startup DealDey for an undisclosed amount.
Sub-Saharan Africa is experiencing a wave of modern shopping mall development. The retail sector has become a major focus for development activity in recent years, as investors have been attracted by the growth potential of African consumer markets.
French insurance giant AXA announced today it is investing €75-million to take a 8% stake in Africa Internet Group (AIG), one of the continent’s largest e-commerce operations.
It’s one of the clearest expressions of the growing middle class in many African countries — a burgeoning demand for shopping malls, each more lavish than the one before.
As has recently been reported in the news, I have taken up the new position of Chairman of the Board for Konga.com.
Uchumi Supermarkets Ltd., Kenya’s only publicly traded retail chain, is considering starting operations in Nigeria, Ethiopia and the Democratic Republic of Congo after reorganizing its East African operations, Chief Executive Officer Julius Kipng’etich said.
French distribution group CFAO opened its first shopping mall in Africa on Friday, a $66 million centre in Ivory Coast’s commercial capital Abidjan, as part of a major drive to tap into the growth of Africa’s middle classes.
A section of Africa’s population has been steadily climbing the affluence stakes, with numbers of multimillionaires predicted to rise by 59% in the next 10 years.
Nigeria hopes the first phase of a light railway aimed at easing traffic jams in the commercial hub Lagos will be ready within 13 months, and is inviting bidders for an expansion, Lagos State Governor Akinwunmi Ambode said on Thursday.
Over the course of the last 5 years, Nigeria has seen the rise of many tech companies working to address Nigerian problems with unique solutions. Although a number have failed in this quest, a good number have diversified or pivoted their solutions to sustain business.
Choppies Enterprises Ltd., the Botswanan supermarket chain that listed in South Africa in May, plans to open about 30 stores in the year through June and may also expand via acquisitions as the retailer seeks to increase market share in the region.
Christo Wiese, the South African businessman behind Africa’s largest retailer, Shoprite, has his sights on entering the grocery sector in Britain through a possible acquisition.
It is rarely mentioned countries, like Gabon, Botswana and Angola, that are increasingly becoming attractive for multinational retailers looking to launch and expand on the African continent, according to a new report.
South African fashion retailer Truworths International said on Monday it was in talks with privately owned shoe chain Office about acquiring the British company.
Africa’s landscape is changing. As economies rise and a shopping culture emerges, the retail opportunity is greater than ever before.
The world of online marketplaces may already seem crowded with the likes of Amazon.com and the Alibaba Group.
Buyout firm Actis has bought a significant minority stake in South African furniture retailer Coricraft, it said on Tuesday, marking the latest deal by the private equity investor to tap Africa’s fast-growing consumer industries.
Get ready for the Nigerian supermarket wars. Within weeks of each other, two major retailers have announced their intention to battle it out in Africa’s largest consumer-goods market.
South Africa’s Shoprite Holdings, Africa’s biggest retailer by sales, will open nearly twice as many stores on the rest of the continent this year as in 2014, chief executive Whitey Basson said on Tuesday.
Africa’s middle class is rising and they have money to spend. About a third of the continent spends between $4 to $20 a day—a group that is expected to grow to 42% by 2060, according to data from the Africa Development Bank. That’s more than a billion people.
Amazon.com Inc plans to open a branch of its cloud-based technology business in Johannesburg as the online retailer seeks to expand its customer base in Africa.
When Choppies opened its first store in Lobatse, a small town in Botswana, its ambition was limited to becoming a retailer of substance in its domestic market.
Walmart, the world’s largest retailer by revenue, is in advanced talks to open big box stores in Lagos, Nigeria’s economic hub.