Shoprite see you again in Uganda

Shoprite is set to quit the Ugandan market after 21 years, the South African headquartered retail store has confirmed. In a statement, Shoprite siad that they will also quit the market in Madagascar, citing a number of reasons. “In line with thr group’s non-RSA review process, our operations in Madagascar and Uganda have been classified as discontinued,” the statement reads in part. The new development comes after 21 years ever since Shoprite opened its first shop in Uganda. Shoprite’s 2020 results indicated that they had accumulated Shs 43.5 billion in…

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