Tag: Shoprite

Shoprite sells its Nigerian business to Ketron Investment

Shoprite has sold its N30bn worth Nigerian business to Ketron Investment. The new Nigerian owner of Shoprite is led principally by Persians Group. The deal comes eight months after Shoprite announced in August last year that it has classified its Nigerian business as a discontinued operation after it was approached[Read More…]

After 15 years, Shoprite considers ending its Nigeria operations

Africa’s biggest grocery retailer, Shoprite, might be exiting the continent’s most populated country, Nigeria, after 15 years. The Cape Town-based retailer has started a formal process to consider the potential sale of all or a majority stake in its supermarkets in Nigeria, it said in a trading statement for the[Read More…]

Bomb Scare At Shoprite Jabi Mall, Abuja

A parcel, suspected to be Improvised Explosives Device, has been found under the Jabi bridge, near the Shoprite shopping mall, Abuja. Policemen, including operatives of the Anti-bomb squad, blocked the access road to the bridge, and directed motorists to alternative routes. The alarm, however turned out to be false as[Read More…]