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Monday, 5 June 2017

Who owns Shoprite in Nigeria?

A lot of us go out for shopping at least once a week. There are different places where people might go, but a lot of them usually choose a local supermarket. One of the most popular ones is the Shoprite Nigeria Supermarkets. And today we will discuss who the mysterious owner of the said supermarket is!
First of all, let’s start with the fact that we are not talking about a Nigerian company. Yes, that's right, the Shoprite Nigeria Supermarkets are only a subsidiary of the Shoprite Holding Ltd, the South African retail firm.

Since it was founded in 1979, it has become the largest food retailer in Africa. It is all over Africa (15 countries!) and has 2653 outlets with the headquarters in the Western Cape province. It has an insane amount of employees - 143,000! The company is also listed on the Johannesburg Stock Exchange as the largest and oldest stock exchange in Africa.

But the question is still in the air - who is the owner of this massively successful company? The answer is plain and straightforward - the owner of the company is Mr Christo Wiese, the South African Billionaire.

The journey of Shoprite in Nigeria began in Victoria Island, Lagos. This was the time when the first store of the Shoprite Nigeria Supermarkets was opened in the country. Then other subsidiaries were opened in:

- Madagascar;

- Angola;

- Botswana;

- Zambia;

- Namibia;

- Congo DR:

- Mozambique;

- Congo;

- Ghana;

- Swaziland;

- Mauritius;

- Lesotho.
The company has its supermarkets in Nigerian cities like Ilorin, Enugu, Ibadan, Onitsha, Abuja, Kano and many others. They do not just own the Shoprite supermarkets but also other brands like OK Foods, OK Grocers, Enjoy and others.

Now you know who owns the largest retail company in Nigeria and Africa. The company is still growing, and perhaps in the future, we will have more supermarkets and other franchising brands of the Shoprite Holdings Ltd.

Source: Naij.com

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