Shoprite opens $20 million store in Nigeria's strife-torn Kano

By Bizclik Editor

Shoprite, the South African retail chain, has opened a new $20 million store in Nigeria, which is its first in the more volatile northern region of the country.

It brings the total number of stores in Nigeria to eight and despite concerns about security in the region is part of Shoprite’s aggressive expansion drive, which will see a further four stores opening in the country before the end of 2014.

It is situated in the brand new $110 million Ado Bayero Mall in the north’s largest city of Kano. Crowds of shoppers gathered outside the complex yesterday as Shoprite officially opened its door.

Store Manager, Adulhakeem Abdulganiyu, told various news gatherers: “We decided to expand our reach to Kano as part of our commitment to widen our presence in the Nigerian mega cities.

“Kano, as a commercial city with its huge population, provides ample business opportunities which we want to exploit.”

In the past two decades, Kano’s economy, which was famous for its textiles and tanneries, has seen many factories and businesses close as a result of violence witnessed in the region.

The National Bureau of Statistics shows that in 2011 almost two-thirds or 67 percent of the population were out of work.

Abdulganiyu said:“If we continue saying we will not come due to the prevailing security situation, we will not move forward. All we need to do is make adequate provisions to overcome such challenges.”

Kano is already home to several shopping malls owned by Nigerians and Lebanese as well as Indian nationals, but they are now dwarfed by the new 24,000 square metre (258,000 sq ft) centre.

Shoprite has 1,800 outlets worldwide and its expansion in Nigeria is a sign of growing foreign interest in Africa's second-biggest economy.

Share

Featured Articles

Middle East GDP hike of 57% if more women join workforce

By tapping into the potential of next-generation female workers, the MENA region could unlock new economic opportunities, up to US$2 trillion, reports PwC

Dialight supplies LED solutions for industrial safety

Reliance on inefficient lighting technologies are not only harmful to the environment, but also increase injury risk and cost

Top 10: Tech, AI, cloud, cyber speakers at TECH LIVE LONDON

TECH LIVE LONDON events sees technology leaders from IBM, Oracle, Vodafone, JP Morgan, Accenture and the US Space Force among the inspirational speakers

Cyber LIVE adds Vodafone head of cyber Kawalec to line-up

Leadership & Strategy

Musk’s multibillion hostile Twitter takeover – the timeline

Leadership & Strategy

Sustainable moves businesses can make to win customers, IBM

Sustainability