Nigerian company, Ketron, Acquires Shoprite Stores – Ketron Investment Limited, a Nigerian firm has completed the acquisition deal of Retail Supermarkets Nigeria Limited (RSNL), owner and operator of the Shoprite stores in Nigeria.
Ketron is owned by a group of investors led by Persianas Investment Limited, a statement from Ketron, said on Tuesday.
NEPC, Commonwealth collaborate on production of professional service export data
It said the change in ownership has also received the approval of the Nigerian regulator, the Federal Competition and Consumer Protection Commission (FCCPC).
Daily Trust had reported the process of Shoprite acquisition in Nigeria since last year when the South African retail giant announced it was divesting its retail outlet in the country.
Shoprite Holdings is Africa’s largest food retailer, operating 2,843 supermarkets in 15 countries and serving 35 million customers in Africa and the Indian Ocean Islands; its supply chain includes over 300 local suppliers comprising small businesses and farmers.
Speaking on the acquisition, Chairman of Ketron, Tayo Amusan said, “We are thrilled to complete the acquisition of Shoprite, ensuring the continued operations of one of the biggest retail success stories in Nigeria.”
Amusan who also owns Persianas added: “We look forward to building an even stronger company following our acquisition and are excited about the greater impact we will achieve to the benefit of our customers and other stakeholders now and well into the future”.
It was also learnt that Persianas own the major buildings that house Shoprite outlets in Lagos, Ilorin, among others.
Since its launch in Lagos in December 2005, Shoprite has expanded to 25 outlets across 11 states and Abuja, FCT.
Ketron acquired 100% ownership of Shoprite in Nigeria and will continue operations across all existing outlets, with plans to open additional stores and introduce more Nigerian-made products, the statement said.
“It is our vision to create fundamental change for the better within Nigeria,” said Amusan.
Professional services firms, KPMG Advisory Services, MBO Capital Management Limited and Banwo & Ighodalo advised Ketron on the deal. Jide Ogundare, CEO, MBO Capital, in his comment, said: “With the plans we have in place, and with the support of the larger Shoprite family in Nigeria including our staff and every Nigerian shopper that walks through our doors, we are confident of success.”
Senator Mrs Uche Ekwunife Fulfils her promise of giving Business Grant to 1000 beneficiaries (See benefactors)
EKWUNIFE FACILITATES BUSINESS GRANTS FOR 1000 BENEFICIARIES
Over 1000 beneficiaries have been credited in another batch of intervention funds cash transfers facilitated by the Senator representing Anambra Central Senatorial District, Uche Ekwunife as part of her continuous efforts to empower the people of the constituency and assist them in their businesses.
The cash transfers began to drop on the bank accounts of the beneficiaries who had applied at the constituency office on Friday, June 18, 2021. We therefore use this opportunity to urge constituents who had applied for intervention funds from the office to always check their phones regularly for acceptance messages, and subsequently expect the receipt of funds. Those who have taken delivery of the funds should report to the office for documentation and further assistance.
Constituents are at liberty to visit the Intervention Funds and Benefits Department of the Liaison Office, located at Senator Uche Ekwunife Centre, Opposite Udoka Housing Estate Awka to provide details which would assist the office in facilitating the various Federal Government’s intervention funds/benefits for them.
Senator Ekwunife’s resolve to ameliorate the sufferings of the people by offering a representation that is visible, impactful and purposeful remains unflinching. More beneficiaries are expected to be captured in the ongoing programme in the coming weeks.
Director, Intervention Funds and Benefits Department Anambra Central Liaison Office.
Boko Haram Gets New Commanders
Nigeria’s Boko Haram jihadist group has confirmed the death of its chief Abubakar Shekau, who sources say died during infighting with a rival Islamic State-allied faction, according to a video message from its presumed new commander.
In the short video in Arabic, top Boko Haram commander Bakura Modu, also known as Sahaba, urged his faction’s commanders to remain loyal despite the loss of their historic commander.
Shekau’s death was seen a major shift in Nigeria’s conflict, though Islamic State in West Africa Province or ISWAP has recently emerged as the dominant force in the more than decade-long Islamist insurgency in the country’s northeast.
The video, provided to AFP by a source close to Boko Haram and confirmed to be Bakura Modu by another local source, illustrates that jihadist infighting is far from over in Africa’s most populous nation.
Shekau, who gained notoriety after kidnapping nearly 300 schoolgirls in 2014, killed himself last month rather than surrender after IS-allied rivals attacked his base camp in Nigeria’s northeast Borno state, security sources said.
President Buhari Gives Mikel Obi Juicy Appointment
President Muhammadu Buhari’s led administration has appointed former Super Eagles captain, John Mikel Obi, as Youth Ambassador.
This was confirmed on Friday, at an event held at the National Stadium, Lagos, which was attended by the Minister of Youth and Sports Development, Sunday Dare.
According to the Special Adviser to Dare on Media, John Joshua-Akanji, Mikel Obi was described by the Minister as a “role model whose lasting legacies in football development has continued to have a positive impact on youths in the country.”
Mikel Obi was assured of Federal Government support whenever he chooses to invest in the country.
“Time will not permit me to say much about Mikel’s success as a footballer. He is our legend and a role model who has continued to impact the lives of youth positively.
“It is it my pleasure to appoint you as Nigeria Youth Ambassador. It’s a new portfolio and your role as youth ambassador will be made known to Nigerians,” Dare said.
In his response, Mikel Obi said: “I feel highly honoured to be appointed as Youth Ambassador of this country, it is a great feeling.
“I am happy with this partnership and I promise to do my best to encourage and inspire the youths towards national development, not just in football but in other sports like Basketball, Boxing among others.”
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