• Kenyan middleweights join forces to take on the big boys

    Having acquired a majority stake in Tumaini Self Service Ltd. earlier this year, Sokoni Retail Kenya, which is controlled by private equity firm Adenia Partners, has now finalised a deal to take a majority stake in rival supermarket chain Quickmart from its founding family. The new entity will be called Quickmart, and all Tumaini stores

    Categories: SagaRetail News - Retail & Shopping Malls - Kenya

  • 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

    Categories: SagaRetail News - Retail & Shopping Malls

  • 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

    Categories: Retail & Shopping Malls - Kenya