Given Nigeria’s demographics, the country’s retail sector holds significant potential. However, in line with many other African economies, formal retailing remains nascent and accounts for just 5% of all shopping. With 189m consumers in the country, there is ample room for growth, but navigating domestic hurdles has proven difficult. Currency depreciation and rising inflation, combined with a...
With Africa’s largest economy and its biggest population, Nigeria is the continent’s heavyweight. The country has been blessed with resource-rich lands, areas of great agricultural fertility and favourable demographics, but it has also had its fair share of challenges.
New retail legislation, combined with developments in consumer purchasing habits, are set to impact activity in Thailand’s retail sector, particularly the food and drink segment.
Economic update | Modern retail in Kenya is gaining pace, though rising competition has created challenges
In July Nairobi-based grocery retailer Naivas Supermarket inaugurated a 3250-sq-metre property in the capital’s Ciata City Mall. The opening of the new store – which occupied a space formerly held by local retailer Uchumi – raises the firm’s total number of supermarkets in Kenya to 41, with seven more due to open before the end of the year.
Articles & Analysis | Fisheries and natural resources are at the heart of push to boost industry in PNG from The Report: Papua New Guinea 2017
Although smaller than its petroleum, mining and agricultural sectors, Papua New Guinea industry and manufacturing are major contributors to the nation’s revenue base, and hold significant potential for future investment and development.
Articles & Analysis | Retailers in PNG look to capitalise on sales potential from The Report: Papua New Guinea 2017
Papua New Guinea’s retail sector remains in its nascent stages, with the majority of the population remaining outside of the formal economy and low rates of urbanisation. The recent construction of the $19bn PNG LNG natural gas project provided significant support for retail expansion, although retailers have since grappled with a host of...