The General manager of Shoprite Uganda; Jayte Slabbert has this morning confirmed that Shoprite will be exiting the Uganda market this year. Though details weren’t shared; rumours have it that the franchise is in talks with Carrefour.

Shoprite has been the oldest supermarket franchise in Uganda having entered the Ugandan market in 2000. Having been in business for the last 20 years; reports came out in 2017 about the crumbling company by then. It had registered close to a 25 billion loss followed by a close to 48 billion loss in 2020.

Though many people have attached the crumbling of Shoprite to the 2020 Covid-19 pandemic lockdown; it might be that the pandemic was just the final catalyst to the equation. The franchise had been suffering losses even before the 2020 pandemic.

 

By SePH256

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