Newsworthy articles with a focus on the Middle East & Africa

April 2019


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Egypt's government and LuLu Group International sign $500M deal

The Egyptian government, represented in the Ministries of Supply and Internal Trade, signed an agreement with LuLu Group International, which is specialized in retail trade. Under the agreement, the LuLu Group International will inject investments of $500 million to establish four branches of Lulu Hypermarkets in the areas of New Cairo, the 6th of October and Obour.
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More foreign investors eye Nigeria’s retail market –Report

Despite the challenging operating environment, interest from foreign brands in the country’s retail market remains strong. In its analysis of the retail sub-sector in the last quarter of 2018, Broll Nigeria said international brands’ interest in the country had not waned, even with the low purchasing power of consumers. “These brands were mostly interested in franchise agreements with experienced local operators,” the report stated.

Abu Dhabi's Reem Mall eyes to become world's first fully digitised retail destination

UAE-based Al Farwaniya Property Developments has announced plans to transform its $1.2-billion Reem Mall in Abu Dhabi into the world’s first fully digitally-enabled smart shopping centre by introducing an integrated 23,000-sq-ft e-commerce logistics hub and through using innovative data analytics.

Dubai plans e-commerce zone with investment of $545 million

The new 920,000 square meter trade zone, known as EZDubai, aimed to attract e-commerce, logistics and other related industries, the developer said, adding that construction was expected to start in 2019.

South Africa to host e-commerce conference

South Africa is set to hold this year’s e-Commerce Africa Conference and Exhibition aiming to bring together stakeholders in the e-commerce sector.Set to be held under the theme ‘Conquering Scale’, the conference is expected to offer participants an opportunity to learn from world-class thought leaders, both from Africa and the rest of the globe, on the innovative strategies that will unlock e-commerce opportunities over the years to come.

The Retail Summit 2019 puts spotlight on Dubai's fast-growing e-commerce sector

The outlook for Dubai’s growing e-commerce sector is looking bright as consumers in the emirate continue to turn to digital platforms to access services and products, according to retail leaders and experts speaking on the first day of The Retail Summit 2019 in Dubai. The inaugural summit is being organised under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, in partnership with Dubai Chamber of Commerce and Industry and Meydan One.

African e-commerce leader Jumia to list on NYSE for $1.1bn

African online retailer Jumia has announced its listing price on the New York Stock Exchange which values the company at about $1.1bn confirming its status as the first African tech “unicorn” to enter the public market.

Kenya's Safaricom secures deal to use M-Pesa payments on

Kenya’s Safaricom said it had secured a deal to use its M-Pesa mobile payment service for online shopping on one of Alibaba’s platforms, part of a move to expand its most profitable product beyond Kenya., run by Chinese e-commerce giant Alibaba Group, will allow Kenyan shoppers to buy goods on the site using M-Pesa in a matter of weeks
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Regional e-commerce site noon launches in Egypt

The site launched in the UAE in September 2017 and in Saudi Arabia in December 2017 through a $1bn investment. Currently in beta testing mode in Egypt, noon will be available via desktop and its app.The site will offer products including electronics, fashion, beauty, baby, home and kitchen, as well as free delivery and free returns in Egypt, a statement said.

Namshi latest e-commerce platform to expand to Egypt as competition heats up

Namshi is set to expand to Egypt and establish a logistics base in Saudi Arabia following Emaar Malls' full acquisition of the e-commerce platform. The Dubai Mall developer acquired the remaining 49 per cent stake for $129.5 million in a pre-determined valuation. Emaar Malls, a subsidiary of Emaar Properties, first bought a 51 per cent stake in Namshi for $151 million in 2017 from Germany-based Rocket Internet.


A highlight of some of our resources to expand your knowledge on Africa and the Middle East.


Assessment of Cream Cracker Sector in Nigeria

A private equity frim wanted Infomineo to assess the market with a focus on Low Unit Packs (LUP) brands within the cream cracker sector. This market assessment was to encompass various regions of Nigeria. The client wanted to specifically investigate the ability of a cream cracker producer to double sales between the next 3 to 5 years.
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Market sizing and insights on the pasta market in Tunisia

A MENACA based food-processing company considering the penetration of the pasta market in Tunisia reached out to Infomineo requesting research on the market size, competitive landscape, distribution channels, and regulations concerning government subsidy on prices.
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