Africa: latest retail news, insights and analysis | ESM Magazine

7 Retail And Food Trends To Watch In Africa In 2024

In Africa, the retail and food industries have been undergoing major changes in recent years. Here here are seven trends to watch.

SPAR Expands Presence In Africa With New Stores In Angola

SPAR has announced that it has entered the Angolan retail market with the opening of nine SPAR Express convenience stores during the past twelve months.

Black Friday, Holiday Sales Spur Demand At South Africa's Shoprite

South Africa's biggest supermarket group Shoprite reported a 16.8% jump in half year sales, supported by a record Black Friday and festive season as both c...

Shoprite Sees Sales Up In Core South Africa Business, Despite Liquor Store Closures

Shoprite has reported full-year sales growth of 9.3% in its core South African business, despite the prolonged closure of its LiquorShop business due to CO...

South Africa's Pick n Pay Warns Of 50% Earnings Drop

South African supermarket chain Pick n Pay flagged a more than 50% fall in first-half earnings on Tuesday, weighed down by constraints on alcohol, tobacco...

Shoprite Shares Rise On Higher Sales, Nigeria Divestment Plan

Shares in South Africa's Shoprite Holdings shot up over 11% on Monday after it reported higher total sales and said it was considering the sale of all of,...

South Africa's Shoprite Sees Sales Up Despite Wider Africa Declines

Shoprite Holdings has posted a 3.6% increase in group sales in the 12 months to 30 June, to R150.4 billion (€8.82 billion), however the group's non-So...

HMY Expands Business In Morocco – A Market With New Retail Opportunities

Previously, HMY emphasised the important role of the African market and the growth of many sectors in which the company is involved. Morocco is a growin...