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For quite a long time, the sprawling and magnificent Metroplex Shopping Mall, in the upscale Naalya suburb along the Kampala Northern By-Pass highway on the outskirts of Kampala city, has raised a lot of questions about its viability as a major real estate investment. A recent online debate on the X social media platform placed the shopping mall into a critical spotlight with some commentators voicing their concerns about the ’emptiness’ of the mall as a proverbial white elephant. A tour of the mall reveals some vacant space, low foot traffic, and a lack of vibrancy in shopping and entertainment experienced…
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In Uganda, where an estimated 16% of children face disabilities, the formidable barriers to education for many are stark. Most of these children grapple with challenges hindering their access to schooling, and those who manage often encounter difficulties transitioning between educational levels. Only 5% of children with disabilities have access to education through inclusive schools, while a mere 10% benefit from specialized institutions. The obstacles these children face are multifaceted, encompassing issues ranging from a lack of physical capacity and infrastructure to insufficient learning materials. Inadequate teacher capacity, coupled with prevalent negative attitudes and stigma, further exacerbates the challenges, severely…
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Majid Al Futtaim, the exclusive franchisee for Carrefour, has today announced that it has concluded an agreement with Shoprite Checkers Uganda Limited (i.e. Shoprite Uganda) which will see the transfer of Shoprite’s six Uganda store leases to Majid Al Futtaim by end of the year. Majid Al Futtaim currently operates two stores in Uganda, under the banner of Carrefour. Following the implementation of the agreement, Majid Al Futtaim will expand its footprint to eight Carrefour stores. “We welcome the opportunity to bring our unique Carrefour offering of unbeatable value, range, international standards to more customers across Uganda”, commented Hani Weiss, CEO…
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South Africa’s grocery retailer giant Shoprite Holdings SHPJ.J has confirmed that it is exiting Uganda and Madagascar, adding to its growing list of African departures. Shoprite is said to have been reviewing its long-term options across the continent over the past year as currency devaluations, lower commodity prices and high inflation have hit household incomes and weighed on earnings. The retailer also forecast an up to 25.3% rise in annual basic headline earnings per share from continuing operations. The exit of Shoprite from Uganda will mark the end of 20 years of serving the Ugandan market, since the retailer opened its first…
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Majid Al Futtaim, the Franchise holder for French Supermarkets giants in the Middle East, Africa, and Asia is finalising talks with South Africa’s Shoprite Group to acquire the Shoprite business in Uganda, CEO East Africa Magazine can exclusively confirm. Shoprite has 5 stores in Uganda and a sixth was on its way at the newly constructed Arena Mall in Nsambya, on the Eastern outskirts of Kampala’s Central Business District. “Carrefour approached them, and Shoprite is listening and waiting for an offer they can’t resist,” one source deeply knowledgeable about the deal, confided in this reporter. “Between you and me, this…
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