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    NjiaPay: South African Fintech Startup Reshaping Payment Solutions for African Businesses

    NjiaPay: South African Fintech Startup Reshaping Payment Solutions for African Businesses

    Ghana’s Kofa Secures $8.1M Pre-Series A Funding to Drive Clean Energy Access Across Urban Africa

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    South Africa’s CureRoot Leverages AI to Unlock New Medicines from African Medicinal Plants

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    SA’s Peach Payments Expands into Francophone Africa with PayDunya Acquisition

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    South African Prop-Tech Startup Preferental Unveils Innovative Tenant-Screening App

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    LoftyInc Capital Secures $43 Million for First Close of New Pan-African Seed Fund

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    NjiaPay: South African Fintech Startup Reshaping Payment Solutions for African Businesses

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    Ghana’s Kofa Secures $8.1M Pre-Series A Funding to Drive Clean Energy Access Across Urban Africa

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    Kenyan Tourism Venture Studio Purple Elephant Ventures Increases Seed Round to $5 Million

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    SA’s Peach Payments Expands into Francophone Africa with PayDunya Acquisition

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    LoftyInc Capital Secures $43 Million for First Close of New Pan-African Seed Fund

    LoftyInc Capital Secures $43 Million for First Close of New Pan-African Seed Fund

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    iPhone 16 Sales Surge 20% in China, Signaling a Strong Comeback

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Shoprite Workers in Nigeria Embark On Countrywide Strike as Firm Gets New Owner

by Eucharia Egwuma
March 2, 2021
in Business
Reading Time: 1 min read
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Shoprite To Set Sail From Lagos
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All 25 outlets of Africa’s biggest supermarket, Shoprite, in Nigeria, have been shut down by its workers today, following a countrywide strike protesting the sale of the company to the Jara franchise, owned by billionaire business mogul, Tayo Amusan. 

The contract papers signed by staff show that many of them were to work with Shoprite South Africa until between 2035 and 2040. However, with the current management set to exit in June, the staff demanded to be paid off rather than run the risk of sack after they’re transferred to a new Nigerian company — a demand Shoprite has been uninterested in.

In August 2020, Shoprite announced the commencement of a formal process to discontinue its operations in Nigeria “following approaches from various potential investors, and in line with our re-evaluation of the group’s operating model in Nigeria”.

Shoprite Nigeria operates about 25 outlets across the country and employs over 2,000 employees, a substantial number of whom are Nigerians.

Amusan, meanwhile, owns Persianas Nigeria Limited, a property development company he founded in 1990. In 2004, he launched, The Palms. Owing to the success of The Palms in Lagos, he floated three additional malls in Enugu, Kwara, Ota and Ibadan.

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