Shoprite Uganda transfers leases of its six stores to Carrefour

NAIROBI, Kenya, Sept 15 – Shoprite Uganda has announced plans to transfer leases of its six stores to Carrefour which is operated by Majid Al Futtaim, a shopping mall, communities, retail, and leisure pioneer across the Middle East, Africa, and Asia.

This comes barely a month after Shoprite announced plans to discontinue operations in Uganda adding to its list of departures from African countries.

“Majid Al Futtaim today announced it has concluded an agreement with Shoprite Checkers Uganda Limited. The terms of the agreement see the transfer of Shoprite’s six Uganda store leases toMajid Al Futtaim by end of the year,” the firm said in a statement.

Hani Weiss, CEO at Majid Al Futtaim Retail, noted that the agreement represents its continued investment in East Africa and that it offers an opportunity for it to strengthen its offering in the region.

“We welcome the opportunity to bring our unique Carrefour offering of unbeatable value, range, international standards to more customers across Uganda”, he added.

He said the initiative will also support local talent through employment and career development opportunities.

“Majid Al Futtaim is fully committed to creating great moments for the communities we serve for the long-term,” he added.

The firm launched its first Carrefour store in Uganda in December 2019 in Kampala’s Oasis Mall, and in March 2021 opened its second store in Naalya.

The six new stores are located in Acacia Mall, Village Mall, Victoria Mall, Lugogo Mall, Clock Tower, and arena Mall.