• Tuskys talks up its growth prospects, but can it deliver?

    Kenyan supermarket chain Tuskys plans to grow its store network by franchising its banner to independent retailers and opening more outlets in Shell service stations. Already the largest grocery retailer in East Africa (at least in terms of store numbers) since the precipitous decline of Nakumatt, Tuskys currently operates more than 70 outlets in Kenya

    Categories: SagaRetail News - Retail & Shopping Malls - Kenya - Uganda

  • Carrefour set to step into Nakumatt’s shoes in Uganda

    Majid Al Futtaim (MAF) has revealed that it will open Uganda’s first two Carrefour stores in spaces formerly occupied by Kenyan retail chain Nakumatt, which departed the local market in 2017. The Dubai-based retailer already operates stores under the Carrefour banner in Egypt and Kenya. Its entry into the Ugandan market follows a pattern established

    Categories: SagaRetail News - Retail & Shopping Malls

  • 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

    Categories: Egypt - Retail & Shopping Malls - Kenya - Uganda - South Africa

  • 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

    Categories: SagaRetail News - Retail & Shopping Malls - Kenya

  • Consumer Banking Uganda

    In the first edition of the report, we explore the consumer banking landscape in Uganda. This includes information on banking penetration, services used as well as data regarding lending and domestic and international transfers. The report delves into specific aspects of the consumer banking profile, such as positioning of main brands in the Ugandan market,

    Categories: Consumer - Financial Services - Uganda