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Africa’s fastest growing retailers

1. Choppies Enterprises Ltd

This is a Botswana-based grocery and a retailer of general merchandise. In the financial year 2016, Choppies recorded revenue of Sh92 billion and has 15,000 employees. Apart from selling general use goods, the retail chain also offers mobile transfers and bill payment. Currently, it has outlets in Botswana, Kenya, South Africa, Zimbabwe, Zambia and Tanzania. Choppies is listed on Botswana Stock Exchange.

2. Zambeef Products

This Zambian firm originally started as a food processing company but has capitalised on sale of processed food. The retail chain operates fast food outlets and food fleet management. It has subsidiaries in Nigeria and South Africa and Ghana. In its financial report of 2017 the company had a yearly turnover of Sh8.45 billion with an average of 6,000 employees.

3. Mr Price Group Ltd

The clothes and accessories outlet has its head office in South Africa where it originates. In the financial year 2017, it had an income of Sh167 million according to its audited trade information. By April last year, the retail chain had 1,216 stores distributed across Africa and 21 franchised outlets. The firm has several outlets in Kenya.

4. The Forshini Group

The cloth retail company is headquartered in South Africa. It was founded in 1925 as a women’s clothes shop. By December 2016, it had 3,325 outlets in 34 countries. It serves Africa, United Kingdom and Australia. In March last year, the group recorded an annual profit of Sh19.92 billion. The Kenyan segment of Forshini contributed 2.1 million Rand (Sh18.2 million) to its revenue.

5. Woolworths Holdings

This is a general retail store with its origin in South Africa where it is also headquartered. The company has over 44,000 employees. In August last year, Woolworths recorded a yearly profit of Sh153 billion. In Kenya, Woolworths has over three outlets majorly located in malls.

6. Societe Magasin General

The retail firm was founded in 1920 in Tunisia where it operates. In 2016, Societe Magasin reported to have made revenue of Sh40 billion. By January last year, the retail chain had an average of 1,988 employees. Apart from retailing general use goods, the firm has also ventured into real estate investment.

7. The Spar Group

This is a South African retail firm that mainly deals with food, beverages and household items. In its 2017 audited results the group reported revenue of Sh842 billion. Currently, the group is in eight African countries among them Angola, Namibia and Zimbabwe.

8. Shoprite Holdings Ltd

This is a South African food retailer with more than 2,689 outlets in over 14 countries across Africa. Last year, it had an average of 148,000 employees and a turnover of about Sh800 billion. The retail outlet operates in South Africa, Zambia, Zimbabwe, recently opened stores in West Africa and plans to open first store in Kenya before the end of this year.

9. Mass Mart Holdings

The firm was marked by a US-based financial tracker as the second largest distributor of consumer goods in Africa. It is the parent company of Game. Last year, it recorded revenue of Sh732 billion. Mass Mart has 423 stores in 13 African countries such as Nigeria, Ghana and Uganda. In Kenya, it operates the Game stores.

10. Furnmart Ltd

This retail firm engages in selling domestic use furniture and appliances. Apart from selling furniture, the firm also offers financial services. Furnmart is headquartered in Botswana but has outlets in South Africa, Namibia and Zambia. In 2016, Furnmart posted a revenue of Sh1.24billion.

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