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
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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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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
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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
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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
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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
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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
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SOCAP SA 2011 Conference, 3 Nov and 4 Nov 2011
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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
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Driving Efficiency in Retail
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Food Safety Conference: 21 - 24 November 2011
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2011 Nedbank Cape Winemakers Guild Auction Wines announced
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CGCSA to Host Annual Conference
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Global Sources China Sourcing Fairs
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Featured Client
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