Shoprite exits Ghana and Malawi in continental retreat
- Shoprite has exited Ghana and Malawi, marking its seventh withdrawal from African markets.
- The retailer plans to sell its five stores in Malawi to Karson Investment Trust.
- Shoprite has received a binding offer for its seven stores and warehouse in Ghana.
The strategic withdrawal of Shoprite and other South African retailers from African markets underscores the significant economic challenges faced in these regions. While focusing on domestic growth may stabilize operations, it raises questions about the long-term viability of pan-African expansion strategies. A deeper analysis of the factors contributing to these challenges could provide insights for future market entries.
