What happened to Shoprite in Nigeria?

UPDATE 2-South Africa’s Shoprite sells Nigerian business to local firm Ketron. JOHANNESBURG, June 2 (Reuters) – Shoprite Holdings has sold its Nigerian business to local buyer Ketron Investment, nearly 16 years after the South African retailer opened its first outlet in the country.

Why did Shoprite leave Nigeria?

With the acquisition of the 25 outlets in eight states — approved by Nigeria’s federal competition and consumer protection commission, Shoprite is the latest South African business to pull out from the West African nation due to supply-chain disruptions and repatriation of funds.

Has Shoprite been bought?

Ketron Investment Limited, a Nigerian company owned by a group of local investors led by property firm Persianas Investment Ltd, has completed the acquisition of Shoprite Holdings Limited.

Is it true that Shoprite want to leave Nigeria?

On Monday, South Africa retail giant, Shoprite, announced the commencement of a formal process to discontinue its operation in Nigeria. Shoprite Holdings Limited made the announcement in its operational and voluntary trading update for the year ended June 28, 2020.

Is it true Shoprite is leaving Nigeria?

Last year, the parent firm located in South Africa had stated in its financials that it will exit the Nigerian market by late 2020, which is when it will announce Shoprite Nigeria as a discontinued entity.

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Who are the new owners of Shoprite?

Nigerian Billionaire, Tayo Amusan, Finally Acquires Shoprite From South African Owners.

Who owns Shoprite Lagos?

A Nigerian company, Ketron Investment Limited, has acquired Shoprite Nigeria from the Retail Supermarkets Nigeria Limited, RSNL, owner and operator of the Shoprite stores in Nigeria. Ketron Investment Limited is owned by a group of reputable institutional investors led by Persianas Investment Limited.

Who is the current owner of Shoprite in Nigeria?

Shoprite Nigeria owner, Mr Christo Wiese thought it wise to start operations in 2005, with its first store opened at Victoria Island in Lagos.

What is the biggest Shoprite in Nigeria?

SHOPRITE IN NOVARE LEKKI MALL, LEKKI

The biggest Shop-rite in Nigeria is the one in Lekki, Lagos and is located in Ikeja City mall, Alausa, one of Lagos state local government areas. It was opened in August 2016.

How do I sell my product to Shoprite Nigeria?

How to become a Shoprite Supplier

  1. You Apply. Tell us about your product and your business.
  2. We Review. Our buyers will review your details and contact you if you are a good fit.
  3. The Process Starts. If accepted and you meet all the listing requirements, you’re on your way.

How many Shoprites are in Nigeria?

Shoprite has been in Nigeria since 2005. In fact, the first store is in Lagos. Since 2005 till date, ShopRite has launched additional 17 stores across eight states in the Federation including the Federal Capital Territory (FCT), Abuja. It also employs more than 2000 people, of which 99% are Nigerian citizens.

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How can I make money online in Nigeria 2020?

10 Awesome Ways To Make Money Online In Nigeria (2020)

  1. Publish Books Online. …
  2. Sell Designs & Creatives Online. …
  3. List on Property Websites. …
  4. Start a Blog or a Vlog. …
  5. Sell on E-commerce Websites. …
  6. Affiliate Marketing. …
  7. Offer Professional Services Online. …
  8. Become a Virtual Tutor.
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