By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Lifestyle UgandaLifestyle UgandaLifestyle Uganda
  • Home
  • News
    • International News & Politics
    • Education
    • Sports
    • Money & Finance
    • Mobile and Telecommunication
    News
    Get breaking news, music updates, and celebrity stories from Uganda and East Africa. Stay informed with Lifestyle Uganda—your insider source for real-time industry updates.
    Show More
    Top News
    Lycamobile Uganda data bundles and voice (1)
    Lycamobile Uganda: 4 Most Frequently Asked Questions & Answers
    4th April 2025
    Who is John Blaq: Biography, Profile and Life Story of Kashada John
    Who is John Blaq: Biography, Profile and Life Story of Kashada John
    5th October 2023
    Bobi Wine and Barbie Share First Joint Magazine Cover
    Bobi Wine and Barbie Share First Joint Cover on Parents Magazine in Kenya
    3rd November 2018
    Latest News
    Fertility Struggles Among Ugandan Couples Linked to Mental Health, Experts Say
    29th June 2025
    Dax Vibez says Hotel Africana has cancelled his debut concert just weeks before the show
    29th June 2025
    Rwanda and DRC Sign U.S.-Brokered Peace Deal Amid Praise, Criticism
    28th June 2025
    MultiChoice Uganda Offers Free Upgrades for DStv and GOtv Subscribers in New ‘We Got You’ Campaign
    28th June 2025
  • Business
  • Entertainment
    • Music
    • Celebrity
    • Biography
    • Lifestyle
      • Fitness
      • Pop Culture
      • Travel/Culture
    Entertainment
    Stay up-to-date with Lifestyle Uganda Entertainment—the latest news, celebrity gossip, films, and TV shows from Uganda, Nigeria, Kenya, and South Africa.
    Show More
    Top News
    Lycamobile Uganda data bundles and voice (1)
    Lycamobile Uganda: 4 Most Frequently Asked Questions & Answers
    4th April 2025
    Who is John Blaq: Biography, Profile and Life Story of Kashada John
    Who is John Blaq: Biography, Profile and Life Story of Kashada John
    5th October 2023
    about Barbie Itungo Kyagulanyi
    Who is Barbie itungo Kyagulanyi: 11 Facts You Need to Know About Bobi Wine’s Wife?
    14th April 2025
    Latest News
    Dax Vibez says Hotel Africana has cancelled his debut concert just weeks before the show
    29th June 2025
    ‘Squid Game’ Season 3 Marks Final Chapter of Global Phenomenon
    28th June 2025
    MultiChoice Uganda Offers Free Upgrades for DStv and GOtv Subscribers in New ‘We Got You’ Campaign
    28th June 2025
    After Years of Trying, Socialite Bad Black Celebrates Pregnancy in Maternity Shoot
    25th June 2025
  • Fashion
    • Beauty Trends
    • Accessories
    • Hair
    • Lipstick
    • Makeup
    • Skincare
    FashionShow More
    Miss Uganda 2025 launch highlights shift in strategy.
    Search for Miss Uganda 2025/2026 Begins with Centralised Format
    13th June 2025
    Mental health advocate Hasset Dereje shines at Miss World, secures Africa title.
    Ethiopia’s Hasset Dereje Named Miss World Africa and First Runner-Up at 72nd Miss World Pageant
    2nd June 2025
    Natasha Nyonyozi honoured at Miss World 2025 for autism advocacy.
    9
    Natasha Nyonyozi Wins ‘Beauty with a Purpose’ Africa at Miss World 2025
    31st May 2025
    Natural hair takes centre stage in Uganda.
    Natural Hairstyles in Uganda: The Beauty of Texture, Twists, and Timeless Trends
    26th May 2025
    This is how Zari Hassan does soft power dressing.
    Zari Hassan Just Gave Us a Masterclass in Power Dressing with Modesty — and We’re Taking Notes
    19th May 2025
  • Health & Living
  • Tips & Advice
Search
© 2023 Lifestyle Uganda. All Rights Reserved.
Reading: South Africa’s Shoprite Is Pulling out of Uganda and Madagascar
Share
Sign In
Notification Show More
Font ResizerAa
Lifestyle UgandaLifestyle Uganda
Font ResizerAa
  • Home
  • News
  • Business
  • Entertainment
  • Health & Living
Search
  • Home
  • News
    • International News & Politics
    • Education
    • Sports
    • Money & Finance
    • Mobile and Telecommunication
  • Business
  • Entertainment
    • Music
    • Celebrity
    • Biography
    • Lifestyle
  • Fashion
    • Beauty Trends
    • Accessories
    • Hair
    • Lipstick
    • Makeup
    • Skincare
  • Health & Living
  • Tips & Advice
Have an existing account? Sign In
Follow US
© 2023 Lifestyle Uganda. A Now & Entertainment Media Company. All Rights Reserved.
Lifestyle Uganda > Blog > Business > South Africa’s Shoprite Is Pulling out of Uganda and Madagascar
BusinessNewsShopping and Retail

South Africa’s Shoprite Is Pulling out of Uganda and Madagascar

On Monday, South Africa's largest grocery retailer Shoprite Holdings SHPJ.J announced its withdrawal from Uganda and Madagascar, making this its third African exit this year.

Sponsored by
IB Dance Studio
Share
4 Min Read
lifestyleug.com__Shoprite plans to exit Uganda and Madagascar
South Africa's Shoprite has announced it is leaving the Uganda market after 21 years in the country. FILE PHOTO
SHARE
Sponsored by
IB Dance Studio

As the group focuses increasingly on its better-performing South Africa business, Shoprite, the largest grocery retailer in Africa, has announced it will pull out of Uganda and Madagascar.

lifestyleug.com__Shoprite plans to exit Uganda and Madagascar
South Africa’s Shoprite has announced it is leaving the Uganda market after 21 years in the country. FILE PHOTO

African retail giant Shoprite has said that it will exit Uganda and Madagascar, adding to its current list of exits that include Nigeria and Kenya, as it focuses on a more successful business in South Africa.

This is due to the instability of the African market, as well as the fact that the company has not been able to make a profit in the countries it has already exited. Furthermore, the company is looking to streamline its operations and focus on more lucrative markets.

The retailer has been operating in the rest of Africa since 1990, but has struggled with currency volatility and has lost market share in some markets. The most recent announcement concerned 10 stores in Madagascar and five stores in Uganda.

According to Reuters, Shoprite has been assessing its long-term options across Africa over the past year due to currency devaluations, commodity price declines and high inflation hitting household incomes and weighing on earnings.

- Advertisement -

Shoprite announced on Monday, 23 August 2021, that operations in Madagascar and Uganda have been classified as discontinued under the non-RSA review.

The discontinuation of the operations is part of the group’s strategy to focus on markets with a long-term growth potential and to create efficiencies through economies of scale. The restructuring of operations in these two countries is expected to result in cost savings and improved profitability.

“In accordance with the group’s non-RSA review process, Shoprite has classified our operations in Madagascar and Uganda as discontinued,” the retailer announced on Monday, 23 August 2021.

Additionally, the retailer forecast a 25.3% growth in basic earnings per share from continuing operations.

Over the last three years, Shoprite has performed abysmally, and it has already closed operations in Kenya and Nigeria. The company is owned by South African investors. In Uganda, it operates five stores.

As reported in the 2020 results, the company’s losses accumulated in 2020 reached UGX43.5 billion, an increase from UGX24.5 billion in 2017.

- Advertisement -

Therefore, in 2018 and 2019, the company made losses totalling about UGX19 billion.

More Read

Sarah Kanaabi Chairperson Electricity Regulatory Authority Board
Dr. Sarah Kanaabi Announces Significant Tariff Reductions for Uganda’s Electricity Consumers in Q1 2024
Veronica’s Wish movie to Premiere this November at Kampala Serena Hotel
Ugandan Students to Benefit from New Stanbic–UNICAF Higher Education Scholarships
Ian Rumanyika Resigns from Uganda Baati After Three Years of Leading Corporate Affairs
“Diamond Platnumz is the African Michael Jackson”, says Busta Rhymes

Carrefour, a store chain owned by UAE-based Majid Al Futtaim, was recently reported to be in negotiations to acquire Shoprite’s stake in Uganda.

The two retailers are currently in the deal’s final stages, and an announcement will be forthcoming shortly.

- Advertisement -

Sources say they are finalizing practical details and perhaps filing regulatory documents before officially announcing the deal.

“They are finalizing the practical details and likely to file regulatory paperwork before formally announcing the deal,” sources say.

This acquisition would reinforce Carrefour’s aim of securing market share in Uganda.

Currently, Carrefour operates 130 hypermarkets, supermarkets, and online stores in 15 countries across the Middle East, Central Asia, Africa, and Russia, with plans to expand into 38 countries.

The retailer opened its first store in Uganda in 2019.

Spotify to Launch in More Than 80 Countries, Including Uganda, Kenya and Nigeria
Nile Breweries Relaunches Chairman’s ESB in Uganda After High Demand
Wendi Mobile Wallet Surpasses One Million Users as PostBank Pushes for Greater Financial Inclusion
Here Are the Nominees for the 2020 Muzikol Music Awards
TikTok Asks a Federal Court to Stop Trump’s Ban on Its App
TAGGED:madagascar shoprite leaving ugandapulling uganda madagascar shopriteshoprite leaving madagascarshoprite leaving ugandashoprite leaving uganda madagascarshoprite pulling uganda madagascarshoprite ugandashoprite uganda madagascaruganda madagascar shoprite leaving

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Whatsapp Whatsapp Reddit Email Copy Link
Share
ByLifestyle Uganda
Senior Editor
Follow:
Discover breaking entertainment news and exclusive insights from Uganda, Kenya, Tanzania, Rwanda and Nigeria—only at Lifestyle Uganda.
Previous Article lifestyleug.com__kylie jenner reportedly expecting second child travis scott ‘kylie Jenner’ Is Reportedly Expecting Her Second Child with Rapper Travis Scott
Next Article lifestyleug.com__Airtel Uganda revises its double data bundle offers (1) Airtel Uganda Is Now Offering Double Data Bundles for Its Smartphone Users

Stay Connected

45.2kFollowersLike
5.1kFollowersFollow
213FollowersPin
35.6kFollowersFollow
11kSubscribersSubscribe
400FollowersFollow
- Advertisement -

Latest News

Kampala’s top restaurants unite for 10-day food festival.
Kampala Restaurant Week 2025 returns with bold flavors, local flair and global ambition
Food & Restaurant
30th June 2025
Dr. Muhumuza outlines the causes of primary and secondary infertility in women.
Fertility Struggles Among Ugandan Couples Linked to Mental Health, Experts Say
Health & Living News
29th June 2025
Dax Vibez maiden concert in Kampala has been cancelled, with no clear reason given.
Dax Vibez says Hotel Africana has cancelled his debut concert just weeks before the show
Entertainment News
29th June 2025
Squid Game season 3 premieres on Netflix Friday.
‘Squid Game’ Season 3 Marks Final Chapter of Global Phenomenon
Entertainment Latest Movie & Trailers
28th June 2025
//

At Lifestyle Uganda, we inform, entertain, and inspire action through the content we create — empowering you to live a celebrity life.

Quick Link

  • Home
  • News
  • Business
  • Entertainment
  • Health & Living

Top Categories

  • About Us
  • Send a Tip
  • Terms of Use
  • Privacy Policy
  • Contact

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

I have read and agree to the terms & conditions
Lifestyle UgandaLifestyle Uganda
Follow US
© 2025 Lifestyle Uganda. A Now & Entertainment Media Company. All Rights Reserved.
Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..
I have read and agree to the terms & conditions
Zero spam, Unsubscribe at any time.
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

Not a member? Sign Up