South Africa’s Shoprite replaces Nakumatt at Ugandan mall
Friday September 01 2017
South African retail chain Shoprite will now be the anchor tenant at Kampala's prime shopping mall Acacia, where cash-strapped Nakumatt occupied.
This comes two months after the Kenyan retailer announced closure of its major outlets at Acacia Mall-Kololo, Village Mall-Bugolobi and Victoria Mall-Entebbe.
According to a statement issued Thursday by Knight Frank Uganda, the property manager, Shoprite Group is set to open its third store in the country at Acacia Mall.
The move is part of the South African giant retailer's effort to grow its footprint across Africa.
Shoprite operates 2,689 outlets in 15 countries across Africa and the Indian Ocean Islands which consist of 613 Shoprite supermarkets, 246 Checkers and Checkers Hyper supermarkets, 367 Usave stores among other brands dealing in furniture, fast food, pharmaceuticals and household items.
“We have now achieved 64 consecutive quarters of like-for-like sales growth. Our latest results are proof that the Group is healthy and able to thrive across multiple brands and countries, notwithstanding the headwinds” according to Mr Pieter Engelbrecht, the chief executive officer.
The Shoprite Group serves more than 35 million customers in Africa.