Shoprite among firms that failed in Africa, Europe, Australia

Retail giant Shoprite has added Uganda to its list of African exits after selling its business in Nigeria of 15 years and closing Kenyan stores in March.

Until recently, Shoprite had been the poster child for African expansion. As early as 1990 it began its foray into the rest of the continent by opening an outlet in neighbouring Namibia’s capital Windhoek. By December 2005, Shoprite had entered Nigeria in West Africa, with a supermarket in a new shopping centre in Lagos.

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Anathi Madubela
Anathi Madubela is a business journalist with a keen interest in the retail sector.

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