VENTURES AFRICA – Shoprite, Africa’s leading retailer, has set the end of November for the opening of its sixth store in Nigeria, Africa’s most populous country.
The South Africa-based retailer launched its first Nigerian store in December 2005 at The Palms shopping mall in Victoria Island Lagos, which was co-developed by Persianas and Actis. Shoprite has since opened businesses in different other parts of Lagos and expanded to Enugu state, and the federal capital of the country, Nigeria.
According to cp-Africa, the sixth store will be located at the newly constructed Kwara Mall in Ilorin, the capital of Kwara state.
The Kwara Mall which is said to be the fourth largest centre in the country is a joint venture between the Kwara State government and Persianas.
According to report, Persianas secured the financing, tenants, and development expertise, while the Kwara State government provided land as equity contribution.
Shoprite’s Kwara store boasting of a 3,700 square metre shopping space, will be as large as The Palms’ branch, and will have as neighbours a variety of international brands including KFC and Max clothing.
The store is harnessing the advantage of the peaceful state of Kwara which is naturally endowed with adequate vast and rich agricultural land. The store is in talks with local farmers and suppliers to ensure efficient delivery of agricultural products and services.
Shoprite is the leading retailer across Africa, offering the widest range of products with the highest standards of freshness and quality at the lowest prices. The retailer has planned more developmental projects for other parts of Africa’s second largest economy.