Shoprite Supermarket to exit Kenya by December 2020

[Image source: CNN]

Kenyan Wall Street | by Jackson Okoth

South Africa’s retail giant Shoprite has indicated plans to shut down its loss-making Kenyan business by December this year.

The retail chain is leaving Kenya’s fiercely competitive retail market, barely two years after setting up its first outlet.

Shoprite Holdings Limited has already closed down one of its outlets while still running two others…

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[Image source: CNN]

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