In June 2021, Shoprite’s Nigerian operations were taken over by Ketron Investment Limited, a Nigerian company owned by a group of local investors led by property firm
When news broke last year that Shoprite, Africa’s largest grocery retailer, was selling off its stake in Nigeria, the announcement sent shock waves around the country.
25 Sep 2021
Access to the market is a serious challenge for many women-owned small businesses in Nigeria. This challenge seriously hinders their business growth, expansion and sustainability
2 Jun 2021
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. With the acquisition, Shoprite, Africa's largest food retailer, has completed exiting the Nigerians market 16 years after it opened its first outlet. Ketron in a statement said…
14 Apr 2021
A Nigerian property company will be taking over Shoprite's local business in Nigeria, Reuters reported on Wednesday, citing multiple sources. Persianas is buying Shoprite’s Nigerian business after the South African retailer decided to retreat from other African markets. Shoprite, with more than 2,300 stores across Africa, is awaiting regulatory approval on the sale of its…
3 Apr 2021
The Kwara command of the Nigeria Police Force has deployed some of its personnel to the Ilorin branch of Shoprite, a South African store operating across cities, over continued protests by staff of the grocery shop. A Correspondent of the News Agency of Nigeria (NAN) who visited the Kwara Mall, housing the store along Fate…
2 Mar 2021
Protesting Shoprite staff inside the Ikeja City Mall and Festival Mall, located just outside FESTAC, have locked down the shops over welfare issues. "We are here to fight for our rights - our payoffs and compensation," a male Shoprite staff told The Guardian on Tuesday. "We say no to modern-slavery," says one of the notices…
1 Dec 2020
Popular stockist of consumer goods, retail supermarkets Nigeria Limited trading as Shoprite, has been sued over alleged breach of contract.
27 Nov 2020
The Kano State Hisbah Board has directed immediate suspension of the yearly ‘Black Friday’ promo by popular shopping mall, ShopRite, in the state.
20 Nov 2020
As shop owners seek succour after the wanton destruction and looting spree that followed the #EndSARS protest hijacked by hoodlums on October 20, Adeniran Ogunsanya Shopping Mall Surulere
4 Aug 2020
While the announcement of the imminent exit of South Africa’s retail giant, Shoprite, from Nigeria may have come to many as a surprise, available data have shown that weakness in purchasing power
3 Aug 2020
South Africa's grocery store, ShopRite, is set to leave Nigeria, Africa's biggest market, after operating in the country for a period of 15 years. In a statement on Monday, the company said it has been approached by potential investors willing to take over its Nigerian operations. So, it is considering an outright sale of its…