Shoprite Budgets $205 million to Open New Outlets In Nigeria
According to Whitey Basson, Shoprite has budgeted up to $205million, on acquiring new locations for their shopping malls, in Nigeria. The chief executive of Africa’s top retailer, made this know after the company’s full-year results.
Shoprite already has outlets in Lagos, Abuja, Enugu and Kwara states, but are ramping up efforts on sub-Saharan expansion. And it is no surprise they have targeted the populous West African nation, as one of the key locations.
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