Shoprite gives up on Madagascar and Uganda as it tightens focus on SA
The group has been rethinking its African presence and is already leaving Nigeria and Kenya
23 August 2021 - 09:17
UPDATED 23 August 2021 - 16:00
Africa’s largest grocer, Shoprite, has signalled its exit from Uganda and Madagascar, adding to a list that already includes Nigeria and Kenya, as the group focuses increasingly on its better performing SA business.
Shoprite has been trading in the rest of Africa since 1990, but has battled currency volatility and struggled in some markets, with the latest announcement concerning 10 stores in Madagascar, and five in Uganda...
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