Retail giant Shoprite launches mobile network operator, K’nect Mobile

SOUTH AFRICA – Africa’s largest supermarket retailer Shoprite, has launched its own prepaid mobile network operator called K’nect Mobile, which is set to be implemented in April 2021. The move follows Pick n Pay’s launching of PnP Mobile via MTN’s network infrastructure in 2020, offering customers prepaid and SIM-based access to data and airtime. K’nect Mobile has partnered with digital enabler FREI One Digital and will use Cell C’s mobile infrastructure to offer airtime and data bundles at competitive rates to other networks. “Customers can connect to the prepaid cellular…

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Shopping malls in Kenya feels the heat as big retailers collapse

KENYA – Shopping malls in Kenya are feeling the pinch from the folding of a number of supermarkets from which they greatly rely on for customer footfall and as anchor tenants. Malls and other retail establishments such as arcades have continued to rely on supermarkets as their anchor tenants to not only bring a steady flow of customers but also attract other tenants such as smaller retail outlets. Recently, the folding of several supermarket chains like Nakumatt, Shoprite, Choppies along with new trouble for chains such as Tuskys and Uchumi…

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South African retail giant Shoprite shuts second outlet in Kenya

KENYA – Africa’s largest food retailer, Shoprite Holdings has announced that it will be closing its outlet at the City Mall in Nyali, Mombasa, citing the business as no longer viable on the reduced flow of shoppers. This comes four months after it shut down its Waterfront, Karen outlet in Nairobi rendering 104 workers redundant. With the new closure, 115 workers will be laid off and the retailer has revealed that it has already notified the Kenya Union of Commercial Food and Allied Workers (KUCFAW) of the impending layoffs and invited…

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Shoprite set to exit the Nigerian Market after 15 years of operations

NIGERIA – South African retailer, Shoprite has announced that it is considering the sale of all of or a majority stake in its Nigerian subsidiary, Retail Supermarkets Nigeria Limited after reviewing its operating model and receiving approaches from various investors. In its trading update for the 52 weeks to end June, Shoprite indicated that Retail Supermarkets Nigeria Limited may be classified as a discontinued operation when Shoprite reports its results for the year. “Any further updates will be provided to the market at the appropriate time,” stated the company. This is…

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Shoprite starts offloading its real estate portfolio to free capital for other expansion activities

NIGERIA – Shoprite Holdings Limited has shifted its focus to selling some of its real estate properties and lease them back. The move is aimed at enabling the supermarket chain free up cash to invest in technology. It also aims to use part of the proceeding in growing online sales and upgrading supermarkets to offer more fresh food. “These are the kinds of investments that give us very good returns,” Chief Executive Officer Pieter Engelbrecht, said after the grocer reported its first-half earnings report. Global retailers are increasingly leasing rather…

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