South African retail giant Shoprite is finally set to exit the Kenyan market by the end of this month with the closure of its Nairobi head office. The final straw for Shoprite came in the form of record losses in excess of Sh3.2 billion in the 2019/20 financial year. Read More“In line with the company’s decision to exit the Kenyan market, it intends to permanently close its home office. At the end of 2019, Botswana budget retailer Choppies announced its intentions to exit the Mozambique, Tanzania and Kenya markets. Another South African fashion retailer TF, which has four outlets, is set to exit Kenya over the same reason.

Source: Standard Digital January 02, 2021 07:31 UTC