Nigeria: Carrefour to enter market as part of continued Africa push

Carrefour, the French food retailer, is expanding its footprint in Africa with new franchise agreements to enter Nigeria, in addition to Guinea.

The retailer has partnered with Imperial Corporation Guinee to convert seven stores to the Carrefour brand in Guinea, with the first supermarket having opened in the capital Conakry on the 15th April. In Nigeria, Carrefour is collaborating with local distributor Hypercity to rebrand four stores, with operations expected to launch in September. The deals also include plans to open 20 additional retail locations across the two countries by 2028.

The expansion is part of the Carrefour 2030 strategic plan, through which the group aims to operate in 22 African countries by the end of the decade.

Patrick Lasfargues, executive director of Carrefour Partenariat International, commented: “We are pleased to partner with two leading retail players in Guinea and Nigeria. This expansion marks a new step in our international franchise strategy under the Carrefour 2030 plan”.

Carrefour currently operates in more than 40 countries globally, having previously signed similar agreements to expand into markets such as Ghana, DR Congo and Ethiopia.

Source: Ecofin Agency / RetailDetail EU