Who owns Shoprite supermarket in Nigeria?

Still wondering how a supermarket just dominates Nigeria with various products at cheap rate.Hardly will you find an average Nigerian without going for shopping especially in the major cities in Nigeria like Abuja, Lagos, Ibadan, etc.

In Nigeria there are various supermarket people visits depending on the region in the country but a supermarket we all know just broke a jinx out the track of being a regional or seasonal supermarket in Nigeria. You keep wondering how it is possible. Who owns Shoprite Nigeria, how come did it come to stay…

I think it’s better we get to know that the Shoprite itself is not a Nigerian own company rather a subsidiary of the Shoprite Holding Ltd(South African country retail firm).

Shoprite is owned by South African billionaire called Mr. Christo Wiese, he founded Shoprite in 1979, ever since then it has become the largest food retailer in Africa. It spread its tentacle within 15 countries in Africa and Indian Ocean Island, having about 2689 outlets with headquarter in the western cape province, above 144000 employees. It is the largest and the oldest stocks exchange in Africa as listed by Johannesburg stock exchange.

Its first operation was in Victoria Island, Lagos in 2005, which now has above enough stores in the cities in Nigeria ranges from Abuja, Onitsha, Enugu, Ilorin, Kano, Ibadan, Ikeja, Sango, and others

It also has subsidiaries in

Namibia,

Zambia,

Uganda,

Botswana,

Mozambique,

Madagascar,

Angola,

Congo DR,

Ghana,

Congo,

Swaziland,

Lesotho,

Mauritius, and other African countries.

Question: Who owns Shoprite supermarket in Nigeria?

Answered: Shoprite Holdings Ltd, South Africa owned by Mr. Christo Wiese