If you’ve been wondering who owns Shoprite Nigeria, then you’re just some seconds away from getting the answer.
First, bear in mind that Shoprite is not a Nigerian company. Shoprite Nigeria is the Nigerian subsidiary of Shoprite Holdings Ltd, a South African retail firm established in 1979 by South African Billionaire Mr Christo Wiese.
The company is the largest retail chain in Africa, with subsidiaries in Namibia, Zambia, Uganda, Botswana, Mozambique, Madagascar, Angola, Congo DR, Ghana, Congo, Swaziland, Lesotho, Mauritius, and other African countries. The company also owns a number of franchising brands through its OK Franchise Division. These include OK Foods, OK Grocer, Sentra, Enjoy, etc.
Shoprite began operations in Nigeria in 2005, opening its first store in Victoria Island, Lagos. The company has since spread its tentacles to many other Nigerian cities including Abuja, Onitsha, Enugu, Ilorin, Kano, Ibadan, and others. In August 2015, Shoprite announced its plans to open 14 new stores in Nigeria over the next 20 months.
Question: Who owns Shoprite Nigeria?
Answer: Shoprite Holdings Ltd, South Africa (owned by Mr, Christo Wiese)