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Wholesale and Retail of Food in Angola
The wholesale and retail of food in Angola contributes over 18% to GDP and, including the large informal market, creates over 1.7 million jobs. Heavy investment in supermarkets and shopping malls saw the formal market share of food sales increase from less than 5% in 2000 to between 20% and 30% in 2019. But expansion has slowed since 2016.
Small Formal Sector
The food trade in Angola remains dominated by informal channels, with open-air markets, small traditional stores, and street vendors accounting for between 70% and 80% of the market. Formal wholesalers and retailers operate fewer than 200 stores. The grocery market is still far from mature, and represents a significant growth opportunity.
The grocery market has been seriously affected by the recession as employment, consumer spending, and middle-class growth are closely tied to economic performance, and dependent on the oil sector. Risks from industry players are exacerbated by Angola’s reliance on food imports as foreign exchange shortages and exchange rate volatility can have a significant effect on food inflation, input prices, and the cost of rental space. Many large retailers have struggled to maintain their full product range and have had to subsidise food prices, undermining their profits. Poor infrastructure complicates supply chains and constrains store expansion beyond key cities.
This report on the wholesale and retail of food in Angola includes information on the state and size of the industry and various factors that influence it including the currency, commodity prices and the state of imports. There are profiles of 10 companies including Nosso Super, which is owned by the Angolan government but privately managed, South Africa’s Shoprite and the Swiss Webcor Group, which operates import and distribution company Angoalissar and a smaller supermarket. Others include Zahara, which owns the Kero brand and Contidis, which owns Candando.