Present in Madagascar since 2002 with 10 stores, the South African supermarket chain had already decided to withdraw from Kenya and, since last June, from Nigeria. Indeed, after 16 years in the country, it has sold the ownership of its subsidiary Retail Supermarkets Nigeria Limited to Ketron Investment Ltd, a company owned by a group of institutional investors led by billionaire Tayo Amusan. The Shoprite group’s gradual withdrawal from the continent’s markets is mainly due to currency devaluations, supply problems and low consumer spending…