Shoprite to quit Kenya January after Sh3bn loss

[Image source: CNN]


Business Daily | by Otiatio Guguyu


South African retailer Shoprite will permanently close its Kenya operations next month after suffering a loss of Sh3.2 billion in the year to June.

The retailer has notified Kenya Union of Commercial Food and Allied Workers that it will shut its head office in January ending its two years of operations in Kenya.

The retailer has closed its four outlets in Westgate Mall, Garden City, Karen branch and the City Mall branch in Nyali, Mombasa and shed hundreds of jobs after…

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[Image source: CNN]

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