Retail Congress Africa to help unlock challenges in regional markets

by Trust Matsilele 0

The Congress is set to discuss Pan-African retail challenges and opportunities in the regional retail space. 

Among others the congress will help retailers on how to plan retail expansion based on property growth trends.

(READ MORE: Africa’s retail market in the global spotlight)

This year’s congress takes place against the backdrop of other leading retail groups facing challenges of entering some markets in the continent.

Syd Vianello an analyst in the retail space told CNBC Africa that the congress held its first successful congress last year and was poised to build on the momentum and grow into other regions in the coming years.

“South African property developers are moving into West African economies and with time such congresses could take place in that region,” said Vianello, one of this year’s scheduled speakers.

“The second year Retail Congress Africa will provide a deeper insight into the African retail opportunities and challenges by identifying the new African consumer, analysing key market trends and practices and examining country specific case studies,” read the organisation statement on its website.

“The founding aims of Retail Congress Africa are to provide an insight into African retail, a vision of best practice and an opportunity to benchmark performance plans against performance of other retailers.”

The organisation also said in-depth research with international and regional retail stakeholders was shaping the Retail Congress Africa agenda from scratch as experts share their thoughts and beliefs on what will make the exciting African retail industry tick and actively define the topics for discussion.

(READ MORE: Africa’s retail property space still an international investor hotspot)

The congress will see over 75 per cent of attendees being retailers, who will be part of the crucial discussions around the future of African retail.

The showpiece is expected to be attended by Greg Azzopardi [DATA MPC:Mr Price Group Limited] Real Estate Director and Idy Enang Managing Director L’Oréal Central West Africa.