Shoprite

The Lagos State High Court in Ikeja has ordered Shoprite Checkers Limited, operator of Shoprite outlets in Nigeria, to pay A.I.C. Limited $10m for breach of contract. The court, in a judgment by Justice Lateef Lawal-Akapo, ordered…

South Africa-based Shoprite matched estimates with a 12 percent rise in annual profit on Tuesday, as consumers battling recession and job losses turned to its non-frills outlets. Africa's biggest grocer said diluted headline earnings per…