Which company replaced Shoprite in Uganda?

Which company replaced Shoprite in Uganda?

Under the lease transfer agreement, Shoprite Checkers Uganda Limited’s stores and moveable assets will be taken over by Carrefour, making it by far the largest retailer in the country.

Why did Shoprite leave Uganda?

Shoprite (SHPJ. J) said last month it would shut down operations in Uganda and Madagascar after currency devaluations, lower commodity prices and high inflation hit household incomes and weighed on earnings.

Is Shoprite still operating in Uganda?

Last month, Shoprite announced that its 21-year operations in Uganda had come to an end. “In line with the Group’s non-[South Africa] review process, our operations in Madagascar and Uganda have been classified as discontinued,” Shoprite said in a notice to its shareholders.

How many Shoprite branches does Uganda have?

six stores
Shoprite has been running six stores in the country including; Acacia Mall, Village Mall, Victoria Mall, Lugogo Mall, Clock Tower, and Arena Mall. According to Majid Al Futtaim, acquisition of Shoprite’s six stores, will see Careffour expand its footprint to eight stores.

Where is Shoprite from?

Shoprite (retailer)

Type Public
Founded 1979
Headquarters Brackenfell, Western Cape, South Africa
Key people P.C. Engelbrecht, CEO Wendy Lucas-Bull, Chairman
Revenue R171 billion (FY 2021)

Why africell is leaving Uganda?

Uganda Cellular Market Shares | June 2021. One contributing factor to Africell’s failure was the lack of a mobile number portability regime in Uganda, meaning users were unable to retain their phone numbers when switching networks. This gave MTN and Airtel customers a vested interest in remaining with their network.

Is Shoprite International?

Today the Shoprite Group trades with 1068 corporate and 275 franchise outlets in 17 countries across Africa, bringing the total number of stores in the Group to 1343. The Shoprite Group of Companies started from small beginnings in 1979 with the purchase of a chain of 8 Cape-based supermarkets for R1 million.

Who is the real owner of Shoprite?

Meet Christoffel Wiese, the South African billionaire behind Shoprite. The Shoprite brand is a popular one both in Nigeria and in many African countries.