Trusted Partnerships and Local Insights: Sundry Markets

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Sango Capital together with other local investors have backed a successful entrepreneur to build a modern food retail business in Nigeria. The investment thesis was to build a modern grocery retail business in a country with only 4% modern retail penetration. From one store in 2015, the company plans to have 9 stores operating by the end of 2018.

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AFRICA IN NUMBERS*

US$2.1tr

Household 

consumption

by 2023

1.5bn

Population

by 2030

50%

Of the population

will live in cities

by 2030

*McKinsey Global Institute; Lions on the Move II, 2016; Africa 2017; E&Y Attractiveness Program Africa, 2017 GSMA Intelligence; The Mobile Economy Sub-Saharan Africa, 2015; Euromonitor International

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© Sango Capital Management 2017