Massmart looks at Nigeria expansion

By Bizclik Editor

South African retailer Massmart has hinted at opening up to 20 stores in Nigeria.

Massmart, which is 51 percent owned by the world’s biggest retailer Wal-Mart Stores, currently has two stores in Nigeria and a third under construction.

Chief Executive Grant Pattison said the company had identified “five or six cities in Nigeria” adding that they “see the potential of between 10 and 20 Game stores.”


View the latest issue of the magazine here

"By all simple metrics, Nigeria has the potential to be larger than South Africa, but it has some way to go in terms of infrastructure and political stability,” he added.

Nigeria is the most populous country in Africa and home to almost 160 million people. It is an increasingly attractive prospect for retailers eager to cash in on growth, although poverty has also risen too and infrastructure remains a real problem.

Africa’s biggest retailer Shoprite said earlier this week that Nigerian market had the potential to become as big of a market as its South African base, where it operates 700 stores.

African Business Review is now available on the iPad. Click here to download it


Featured Articles

SAP creates new EMEA region and announces new President

SAP has announced it has appointed a new President for a newly-created EMEA region, aiming to make the most of the opportunities of cloud and AI technology

How SAP is facilitating continuous business transformation

Technology giant SAP has expanded its portfolio with the acquisition of LeanIX, a leader in enterprise architecture management (EAM) software

Siemens and Microsoft: Driving cross-industry AI adoption

To help businesses achieve increased productivity, Siemens and Microsoft are deepening their partnership by showcasing the benefits of generative AI

Sustainability must become central to corporate strategy


The endless benefits of putting your people first

Leadership & Strategy

Working from anywhere: SAP uncovers secret life of employees

Human Capital