kenya
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Tumaini to open two new stores in Nairobi
Tumaini Self Service Limited is set to open two new supermarkets in Nairobi this week, which will bring its total number of stores to 12, with eight of these in Nairobi. Private equity firm Adenia Partners acquired a controlling interest in Tumaini late last year (see our previous story). The new stores will be located
26th April 2019
Categories: SagaRetail News - Retail & Shopping Malls
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MAF sees Kenyan Carrefour sales soar and eyes new markets
UAE-based Carrefour franchisee Majid Al Futtaim (MAF) saw its Kenyan sales rise by 71% during 2018, to AED506 million (USD137.8 million). MAF currently operates seven stores (six hypermarkets and one supermarket) in Nairobi. Nairobi’s eighth Carrefour store (another hypermarket) is due to open later this year in the premises formerly occupied by Nakumatt along the
9th April 2019
Categories: Egypt - Retail & Shopping Malls - Kenya - Uganda - South Africa
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Sagaci in the news: African retail investment to shift towards secondary cities
Charles Ballard, head of retail and real estate at Sagaci Research, recently spoke to asset management firm Anaxago about the commercial real estate market in Kenya. “In Nairobi, there are now more than 60 shopping malls, and the market is beginning to look saturated.” he observed. “The problem in dynamic cities like Nairobi is no
5th April 2019
Categories: SagaRetail News - Retail & Shopping Malls
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Ghanian healthcare upstart to acquire Kenyan pharmacy chain
Ghanaian start-up mPharma is set to gain a controlling interest in Kenyan pharmacy chain Haltons in an unusual deal – fledgling startups are usually acquired by established businesses, rather than vice-versa. Halton’s was founded in 2007 and currently operates around a dozen outlets, most of which are located in Nairobi. Founded in 2013, mPharma aims
4th April 2019
Categories: SagaRetail News - Ghana - Pharmaceuticals - Kenya
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Massmart reorients growth efforts towards East Africa and Zambia
South African retailer Massmart, in which Walmart holds a majority stake, intends to open 47 new stores by 2021, with about a third of this space to be located outside of its domestic market. According to CEO Guy Hayward, “Zambia and East Africa are interesting to us because they’re not totally dependent on mineral resources
7th March 2019
Categories: SagaRetail News - Kenya - Zambia
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East Africa’s largest supermarket chain prepares to go public
Tuskys, which operates more than 60 stores in Kenya and Uganda and has overtaken the faltering Nakumatt to become the region’s largest retailer, is planning to list on the Nairobi Stock Exchange (NSE) this year. “We will definitely join the main market segment. Two weeks ago, we entered an incubation period with the NSE. This
15th February 2019
Categories: SagaRetail News - Retail & Shopping Malls - Kenya
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The quickening pace of retail modernisation in Kenya
Family-owned Quickmart opened its tenth outlet (and the first to open 24 hours a day) in Valley Arcade in the affluent Nairobi suburb of Lavington during January. “This area is populated by high-income shoppers who require the flexibility of shopping at any time,” Betty Wamaitha, head of marketing at Quickmart, told local media. The store
11th February 2019
Categories: SagaRetail News - Retail & Shopping Malls - Kenya
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Another international player enters the Kenyan grocery retail market
The takeover of supermarket chain Tumaini Self Service Ltd. by Sokoni Retail Kenya was approved by the Competition Authority of Kenya in December, adding to the list of international players (including Carrefour, Choppies and Shoprite) jostling for a piece of the local market. Sokoni Retail Kenya is an investment vehicle of private equity firm Adenia
15th January 2019
Categories: Retail & Shopping Malls - Kenya
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Nairobi’s mall boom sets the stage for fierce supermarket struggle
The Waterfront mall opened in Nairobi on Jamhuri Day (Kenyan independence day – December 12th). With close to 18,600m² of GLA, the 20 hectare site boasts more than 1,000 parking spaces, a 14,000m² artificial lake and a 1.2km running and walking track. With these leisure facilities and regular cultural events, management are clearly hoping to
10th January 2019
Categories: Retail & Shopping Malls - Kenya
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Decathlon sets up shop in Africa’s athletics superpower
The French sportswear and sports equipment retailer has opened its first store in Kenya. The 1,500m² outlet, which the chain describes as a “flagship” store, is located at The Hub Karen mall in Nairobi. Decathlon has indicated that it is planning to open additional stores in the country. Famed for their prowess as distance runners,
21st December 2018
Categories: SagaRetail News - Retail & Shopping Malls - Kenya