This archive report was first published on 16 September 2021.
On September 16, 2021, Majid Al Futtaim, a leading shopping mall, communities, retail, and leisure pioneer in the Middle East, Africa, and Asia, announced the acquisition of Shoprite Checkers Uganda Limited's six store leases.
The agreement will see the transfer of Shoprite's Uganda store leases to Majid Al Futtaim by the end of the year, expanding its Carrefour footprint to eight stores in the country.
Majid Al Futtaim currently operates two stores in Uganda under the Carrefour banner. Following the agreement, the company will strengthen its presence in the region, creating more opportunities for local talent through employment and career development.
Commenting on the acquisition, Hani Weiss, CEO at Majid Al Futtaim Retail, said, "We welcome the opportunity to bring our unique Carrefour offering of unbeatable value, range, and international standards to more customers across Uganda."
Since launching its first Carrefour store in Uganda in December 2019, Majid Al Futtaim has provided 20,000 products across its stores, with 98% locally sourced. Customers can also order products online through partnerships with Glovo and Jumia Food.
The six stores located in Acacia Mall, Village Mall, Victoria Mall, Lugogo Mall, Clock Tower, and Arena Mall will undergo a smooth transition, with both parties working closely together to ensure a seamless handover.
