Walmart, Shoprite to battle for Africa's biggest consumer-goods market

Nigerians are eager to witness the supermarket wars in the next couple of years, as two major retailers, South Africa’s Shoprite supermarket and Walmart have announced their intention to battle it out in Africa’s largest consumer-goods market.

Walmart, the world’s largest retailer is planning to launch in Nigeria’s commercial hub, Lagos was widely reported when the retailer’s top executive for Europe, the Middle East, Sub-Saharan Africa (EMEA), Ms.  Shelley Broader met with Lagos state governor Akinwunmi Ambode.

South Africa’s Shoprite which is Africa’s largest retailer by sales announced that it would be opening 14 more stores in Nigeria within the next 20 months, in addition to the 12 it already has in the country.

Walmart has not yet said when its first store in Lagos will open, it already has a limited presence in Nigeria through its subsidiary company, Massmart, a South Africa-based retailer that it acquired five years ago.


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