Majid Al Futtaim through its franchise Carrefour is expanding its footprint in Uganda after concluding an agreement with Shoprite Checkers Uganda Limited.
The terms of the agreement see the transfer of Shoprite’s six Uganda store leases to Majid Al Futtaim by end of the year.
Following the implementation of the agreement, Majid Al Futtaim will expand its footprint to eight Carrefour stores from its current two.
The six stores are located in Acacia Mall, Village Mall, Victoria Mall, Lugogo Mall, Clock Tower, and Arena Mall. As part of the agreement, the Lugogo Mall and Clock Tower properties will also transfer to Majid Al Futtaim.
“This agreement represents our continued investment in East Africa. We look forward to strengthening our offering in the region and supporting local talent through employment and career development opportunities,” Hani Weiss, CEO at Majid Al Futtaim Retail said in a statement.
Carrefour launched its first store in Uganda in December 2019 at Oasis Mall in Kampala, and in March this year opened its second store in Naalya, a high-end city suburb.