ADVERTISEMENT

Game Store announces departure from Ugandan market

Massmart Holdings, the owner of Game Store in Uganda, has announced the company's departure from the Ugandan market.

Game Store is clsoing shop in Uganda

The company says its exit is due to having failed to get a local partner or buyer.

ADVERTISEMENT

In March 2021, Massmart announced that, after a review of its operation in East Africa, it was looking at contracting a local partner to manage the Game Store outlets in Uganda. And, if that failed, getting an investor who would buy it.

This partner or buyer, Massmart said, would be necessary thanks to being equipped “with a better understanding of local market conditions.”

Massmart, together with the Game management, then embarked on finding a partner or buyer. The search was conducted over a 12-month period to find how possible it was to get investors in Uganda who would buy or run the store. However, these efforts seem to have fallen flat as Massmart is set to exit the Ugandan market.

ADVERTISEMENT

“One possible way forward is now to consider closing our Game store in Uganda and we have therefore initiated potential store closure consultations with our staff members in the potentially affected stores,” says Neville Hatfield, Vice President of Massmart.

Massmart Holdings Limited is a South African firm that owns local brands such as Game, Makro, Builder's Warehouse and CBW. It is the second-largest distributor of consumer goods in Africa, the largest retailer of general merchandise, liquor and home improvement equipment and the wholesaler of basic foods

Game Store in Kampala was opened in 2004, after a total investment of 11 million US Dollars (41 billion Shillings) or 20 billion shillings at the time.

Apart from Shoprite, Game Store follows a number of Kenyan-owned stores that include Tuskys, Nakumatt and Uchumi which closed shop in Uganda between 2017 and 2019.

JOIN OUR PULSE COMMUNITY!

ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: news@pulse.ug

Recommended Articles

Trump’s victory to boost Uganda’s Akon City

Trump’s victory to boost Uganda’s Akon City

Minister impressed as UBL becomes predominantly female-led company

Minister impressed as UBL becomes predominantly female-led company

Kenyan team to travel around Uganda ahead of  tourism conference

Kenyan team to travel around Uganda ahead of tourism conference

MTN vows to fight on in Shs 260 Billion tax dispute with URA

MTN vows to fight on in Shs 260 Billion tax dispute with URA

Experts seek to revolutionise Uganda's Mobile Money with Blockchain technology

Experts seek to revolutionise Uganda's Mobile Money with Blockchain technology

How the GROW Project connects women entrepreneurs to financial resources

How the GROW Project connects women entrepreneurs to financial resources

UK court orders Sudhir Ruparalia to guarantee dfcu costs

UK court orders Sudhir Ruparalia to guarantee dfcu costs

Global ranking of top 5 smartphone brands in Q3, 2024

Global ranking of top 5 smartphone brands in Q3, 2024

The construction of Africa’s largest airport gets a jolt of energy

The construction of Africa’s largest airport gets a jolt of energy

ADVERTISEMENT