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Shoprite targets DR Congo.

Shoprite, the supermarket group headquartered in South Africa, is to invest $80m to build two new supermarket complexes in DR Congo. Shoprite is the largest supermarket group on the African continent and currently operates nearly 1,200 outlets in 17 countries across Africa, the Indian Ocean Islands and southern Asia. The company, listed on the Johannesburg Stock Exchange, reported a turnover of R38.95bn ($5.45bn) for the year to June 2007.

The two new supermarkets will be built in Lubumbashi and Kinshasa. The company has plans to roll-out new stores across the DR Congo and has pledged to stimulate local manufacturing and agricultural sectors to supply the new stores and eventually to produce goods and commodities for export to surrounding countries. Each Shoprite supermarket will provide employment for approximately 150 permanent staff and create at least 50 jobs indirectly.
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Title Annotation:Commerce
Publication:African Business
Article Type:Brief article
Geographic Code:6SOUT
Date:Feb 1, 2008
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