This archive report was first published on 15 September 2021.
On September 15, 2021, Majid Al Futtaim, a leading shopping mall, communities, retail, and leisure pioneer, announced the conclusion of an agreement with Shoprite Checkers Uganda Limited.
The agreement involves the transfer of Shoprite's six Uganda store leases to Majid Al Futtaim by the end of the year, expanding Carrefour's footprint to eight stores in the country.
According to Hani Weiss, CEO at Majid Al Futtaim Retail, "We welcome the opportunity to bring our unique Carrefour offering of unbeatable value, range, and international standards to more customers across Uganda."
"Majid Al Futtaim is fully committed to creating great moments for the communities we serve for the long-term," Weiss added. "This agreement represents our continued investment in East Africa. We look forward to strengthening our offering in the region and supporting local talent through employment and career development opportunities."
Carrefour Uganda currently operates two stores, with the first launched in December 2019 in Kampala's Oasis Mall and the second store opening in March 2021 in Naalya. The company provides 20,000 products across its stores, with 98% sourced locally. Customers can also order products online through partnerships with Glovo and Jumia Food.
The six stores being transferred are located in Acacia Mall, Village Mall, Victoria Mall, Lugogo Mall, Clock Tower, and Arena Mall. As part of the agreement, the Lugogo Mall and Clock Tower properties will also transfer to Majid Al Futtaim.
