logoBC
Yaoundé - 24 April 2024 -
Economy

Cameroon: A Carrefour’s Cash & Carry store to be launched by end 2020

Cameroon: A Carrefour’s Cash & Carry store to be launched by end 2020
  • Comments   -   Thursday, 10 October 2019 16:00

(Business in Cameroon) - In the framework of its expansion in Sub-Sahara Africa, French retail group Carrefour, which partnered with CFAO Retail for this conquest of the African market, inaugurated a new supermarket on October 9, 2019, in Cameroon.

Located at Ekié, Yaoundé, this supermarket, built over a 7,200 m2 land (building and parking included), is the 2nd Carrefour supermarket launched in Cameroon. The first was launched in Douala, in December 2017. Like the Douala supermarket, Carrefour Yaoundé will offer close to 1,500 local products.  

A result of an investment of about XAF7 billion, the newly launched supermarket has helped create 150 direct jobs and about the same number of indirect jobs, according to Luc Demez, managing director of CFAO Retail Cameroon.

According to Jean-Christophe Brindeau, managing director of  CFAO Retail, who was in Yaoundé for this inauguration, the partnership of Carrefour-CFAO Retail will continue its expansion in Cameroon by opening at least two new supermarkets at Akwa shopping district in Douala in early 2020.

There will be a Carrefour supermarket and the first-ever Supeco shop to be launched in Cameroon, whose launch was initially planned for this year. “Construction works have started," Jean-Christophe Brindeau indicated while talking of the Supeco store.

XAF80 billion investment program

Specialized in the Cash & Carry concept, a concept according to which people can buy things in bulk and cheaply, Supeco will join BAO on this segment. Indeed, on March 28, 2018, Casino group officially launched BAO, which was the first Cash & Carry experience in Africa, in Douala.

Overall, by end-2020, Carrefour-CFAO Retail will have five supermarkets in Cameroon. Four should be in Douala (Bonamoussadi, Akwa, Douala Grand Mall, and Supeco) while one will be in Yaoundé (Ekié).

It is worth adding that according to Luc Demez, a Carrefour’s PlaYce superstore will be opened in Yaoundé during Q1, 2021. It will be four to five times larger than the Ekié supermarket inaugurated on October 9, 2019.

With the launch of the PlaYce superstore, Carrefour and CFAO Retail will complete the first phase of their expansion in Cameroon. This first phase plans for the construction of 6 supermarkets for an investment of about XAF80 billion. “We have started looking into other towns. In four or five years, we could open new supermarkets outside Douala and Yaoundé,” Luc Demez says.  

Brice R. Mbodiam

cameroon-poultry-expo-revives-focus-on-industry-transformation
The 2024 edition of the Yaoundé International Poultry Exhibition (Savi) kicked off on April 23 at the Congress Palace. The event organized by the Cameroon...
beac-s-bond-auction-meets-success-in-inflation-combat-efforts
On April 22, the Central African Central Bank (Beac) concluded a successful 14-week bond issuance worth CFA50 billion. This move, offering a 2.5% interest...
cameroun-delays-bond-sale-amid-regional-market-strain
The Cameroon government has postponed its planned 2024 bond sale, originally slated for April, due to market saturation caused by Gabon and the Central...
yaounde-clean-water-project-reaches-completion-but-challenges-remain
Construction of the infrastructure to supply Yaoundé with drinking water, drawn from the Sanaga River in the Centre region, has finally been completed...

Mags frontpage


Business in Cameroon n110: April 2022

Covid-19, war in Europe: Some Cameroonian firms will suffer


Albert Zeufack: “Today, the most important market is in Asia”


Investir au Cameroun n120: Avril 2022

Covid-19, guerre en Europe : des entreprises camerounaises vont souffrir


Albert Zeufack: « Le marché le plus important aujourd’hui, c’est l’Asie »