Carrefour Kenya sales rise to Sh43 billion

Entry of French retail giant Carrefour supermarket in Kenya will boost real estate sector. PHOTO | FILE | AFP

Carrefour Kenya’s revenues last year grew to 1.219 billion United Arab Emirates Dirham (AED), equivalent to Sh42.9 billion at current exchange rates, making it one of the largest retailers in the country by sales.

Disclosures by Majid Al Futtaim, the Dubai-based operator of the Carrefour franchise in Kenya, show this was a 15 percent growth from the sales of AED 1.054 billion (Sh37.1 billion) made in 2023.

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