A man walks past Shoprite and Game Stores in Lugogo. analysts believe, brands such as Shoprite could no longer put up with the losses, with subsidiaries such as Uganda, depending on the parent company in South Africa. PHOTO/RACHEL MABALA Folding operations. Large brands such as retail chains including Shoprite and Game Stores, and telecom firm […]
MTN’s listing, expected before June 2022, will be a breath of fresh air at the Uganda Securities Exchange (USE), according to market experts. MTN is expected to sell 20 per cent of its shares through an Initial Public Offer to fulfil a requirement under the National Broadband Policy. USE has in the last 10 years […]
Carrefour will take over Shoprite stores United Arab Emirates-based investor, Majid Al Futtaim has through his supermarket brand Carrefour, taken over the retail stores operated by Shoprite Checkers Uganda Ltd, as the South African retailer quits the country. Majid Al Futtaim, a leading investor in shopping malls, communities, retail and leisure across the Middle East, […]
Supermarket chains Naivas and Quickmart are expected to square off for the title of ‘Kenya’s top retailer’ as they maintain steady expansion strategies. While the pair may not necessarily be new kids on the block, both entities will be seeking to take the throne from the likes of Uchumi, Nakumatt and Tuskys who topped the […]
Kampala | RedPepper Digital – Africell Group; one of the players in the telecommunication industry, has announced that it will close shop in Uganda and cease operation in the country in October 2021. According to an internal memo to staff that was leaked; a copy of which this publication has seen, the Company will wind […]
Game Stores says it will seek to sell at least five stores within East Africa in the next five months. PHOTO/FILE South African retail giant, Massmart will be hoping to recoup at least $1.5m or Shs5.5b from its single store in Uganda, according to analysts familiar with the matter. Massmart, which operates one Game Store […]
South African retail giant, Massmart will be hoping to recoup at least $1.5m or Shs5.5b from its single store in Uganda, according to analysts familiar with the matter. Massmart, which operates one Game Store in Kampala, will in the next six months seek to find a buyer to concentrate on its operations in South Africa. […]
A new shoprite Branch was opened at Acacia Mall in 2018 South Africa’s retail outlet, Shoprite, has announced it is exiting Uganda and Madagascar. The retailer runs supermarkets at Village Mall, Bugolobi, Lugogo Mall, Victoria Mall in Entebbe and Acacia Mall in Kololo. Reuters reported that Shoprite has been reviewing its long-term options across Africa […]
UCHUMI Commercial Bank Limited (UCBL) registered good performance last year with its total income rising by 4.46 per cent compared to the period ended December 2019. Addressing the 15th Annual General Meeting (AGM), the bank’s board chairman, Mr Wilson Ndesanjo said total income rose to 6.08bn/- equivalents compared to 5.82bn/-posted in the previous year. UCBL […]
Author: Daniel K Kalinaki. PHOTO/FILE. What support could we have given local supermarket chain investors to buy out Shoprite or go into business with Carrefour? South African retailer Shoprite is shutting down its continental footprint, including in Uganda, to concentrate on its home market. It joins a long list of South African and international firms […]
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