Why Shoprite Has Been Blocked from Exiting Kenya
South African retailer Shoprite last year announced its intent to exit the Kenyan market.
The supermarket chain stated that they would be closing their office and their two remaining branches, one at Garden City mall and the other at Westgate.
The closure was to happen in December, but the branches are still open as they clear out the shelves this January with a 50% sale on everything sale.
This announcement came months after the retailer had shut down its Waterfront, Karen branch and its City Mall, Nyali branch.
“Most likely we will be out of the Kenyan market by the end of the calendar year, meaning December, either by closing or disposing,” said Shoprite CEO Pieter Engelbrecht said at the time.