South African grocery retailer Woolworths Holdings has confirmed it plans to enter Angola.
However, a spokesperson for the retailer did not reveal when the retailer would enter the country, or how many outlets it plans to open.
In an interview with Reuters yesterday, Woolworths chief executive Simon Susman said: “We should be stronger in Africa. We’ve taken a strategic view to build our businesses in Africa. We do see Africa as one of the fastest-growing regions in the world over the next five to ten years.”
The retailer already operates in Botswana, Kenya, Namibia and Ghana, and Susman told Reuters that Woolworths plans to expand existing operations in Mozambique, Zambia, Ghana and Uganda.