Nigeria: a new opportunity for retailers
The race for African retail dominance has begun. Nigeria, which is predicted to be the globe’s fastest growing economy between now and 2050, is a key destination. It is already clear which retailers are aggressively seeking their slice of the pie.
The country has a prosperous middle class, a positive growth outlook, and an increasingly stable and democratic environment. All of these factors make Nigeria, which is also Africa’s largest nation, a promising prospect for retailers.
With the ban on imported textiles recently lifted, specialist middle-income retailer, Pepkor, has wasted no time in setting up shop and plans to spend at least R100 opening 50 outlets. Clothing retailer, Mr. Price, is set to open stores in Nigeria as well.
Shoprite, South Africa’s largest food retailer, has been present in Nigeria for about six years and is preparing to open 10 new outlets. SPAR entered the market last year and is expected to develop their model in the region.
Modern shopping malls are opening in Nigeria’s larger cities, which is a catalyst for investment by retailers across all sectors. Suppliers will also benefit from the development of a more stable retail environment, already global food manufacturers have made significant investments in the region and that trend is set to continue.
Refer to Retail in Nigeria and Retailers scrambling for Nigeria for more insights.
Yours in Retail and FMCG
Wendy Smith
P.S. Look out for this editorial on our editor’s blog.
Please feel free to make comments or raise new issues by
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Economic News
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SAB: Licence moratorium harms economy
A six-month moratorium on the issuing of new liquor licences in Gauteng is hurting the economy, SA Breweries (SAB) said on Thursday. The moratorium limited the revenue the state could generate by taxing legitimate businesses, said SAB's Egoli division general manager Leonard Volschenk in a statement.
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New Products
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Twinings launch new range of luxury coffees
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Nestlé Hello Kitty Ice cream
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The demand for Hello Kitty has prompted the launch of a new Variant, now with an added benefit
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Saldanha flaked light meat tuna
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Brand Activity
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Springbreak Infinity Party
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Expand Networks, SPAR Group and Pick ‘n Pay to Address Retail Leaders at the Retail Technology Forum 2011
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“Soak It Up” Stimorol Springbreak Festival 2011
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Cadbury Dairy Milk set to multiply the Joy this summer!
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Tiffany launches with national outdoor and in-store campaigns
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Featured Brands
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Pacmar
The combination of experience and technical expertise in both the fruit juice and flavour industries enables Pacmar to offer a specialised service to the industry.
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St Pie
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Featured Retail Services
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Qlikview
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Sachet Manufacturers
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Retail Services News
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Accsys marks 30th year in operation with new software launch
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Gauteng learners get down to business
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Imperial Logistics greens schools with 860 trees
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FMCG Jobs
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Talented Selections
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Operations Director : FMCG Distribution
A large FMCG multinational, expanding at a rapid rate and servicing the West African emerging commodity market, is looking for an experienced Operations Director. This is a newly created position. The incumbent will be responsible for the strategic distribution strategy across 3 business units.
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Managing Director: Commodities
Our client, is a leading FMCG manufacturer, wholesaler and distributor of dry foods in West Africa. They seek to appoint a Managing Director for one of their key businesses with emphasis on gaining further market share in West Africa. As a seasoned Managing Director, familiar turnaround strategies with experience specific to the West African market, you will be required to implement an aggressive strategy to achieve these objectives.
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Graduate positions available at Oceana Group from January 2012
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Strategy Recruitment Marketing
Strategy Recruitment Marketing is focused on providing tailor-made, alternative recruitment solutions that are based on out-the-box strategic and creative thinking, detailed processes, and keeping abreast of the latest recruitment practices and technology through understanding each client´s critical success factors, to produce impactful results cost-effectively.
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Zakhele Staffing Solutions
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Nicolene Di Bartolo
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Events
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UCT Unilever launches massive study into ‘top end’ consumers.
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Retail World Africa 2011. 3 October 2011 to 6 October 2011, Cape Town
Retail World Africa is a unique offering in the African market and is Africa’s only conference and business zone dedicated to growing this sector. It is also the only retail conference in Africa offering innovation and solutions for retailers and merchants.
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Networking expo for the logistics and supply chain management industry: March 2012
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International speakers lined up to address industry players at Consumer Goods Conference
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The Good Food & Wine Show, Coca Cola Dome, 22-25 September 2011
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Retail World Africa 2011. 3 October 2011 to 6 October 2011, Cape Town
Retail World Africa is a unique offering in the African market and is Africa’s only conference and business zone dedicated to growing this sector. It is also the only retail conference in Africa offering innovation and solutions for retailers and merchants.
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SOCAP SA 2011 Conference, 3 Nov and 4 Nov 2011
Diarise the 03rd& 04th November 2011 now…you’re officially booked!
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Networking expo for the logistics and supply chain management industry: March 2012
Increased environmental awareness, the high costs of doing business (including new highway toll fees), crime and risk are just some of the challenges facing the logistics and supply chain management sector in South Africa today.
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FACTS practical allergen management workshop
FACTS are the proud hosts of Practical Allergen Management Workshops, which run over a two-day period and which are held twice per year. These workshops have enjoyed resounding success to date and have proven to be of great value to our food industry clients in their quests towards effective food allergen control. The next workshop will be held in Cape Town on 4 - 5 October 2011
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Driving Efficiency in Retail
With just under a month to go, the first Retail Technology Forum for Africa (12-13 September at the Vineyard Hotel, Cape Town) will host the best retail brands in the business alongside a range of leading local and international suppliers of retail IT solutions
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Food Safety Conference: 21 - 24 November 2011
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2011 Nedbank Cape Winemakers Guild Auction Wines announced
Exceptional wines with a creative edge and great diversity of styles is the hallmark of the 2011 selection of exclusive wines that will go under the hammer at the 27th Nedbank Cape Winemakers Guild Auction at Spier outside Stellenbosch on Saturday, 1 October.
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CGCSA to Host Annual Conference
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Global Sources China Sourcing Fairs
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· Global Sources, Baby & Children's Products China Sourcing Fair
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InneSense Cellar2Cellar Trail Run & Wine Experience
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Salt & wine pairing dinner with oriental flair in Die Bergkelder
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Featured Client
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Active Clients
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