Foreign-owned retail chain Carrefour Kenya posted a 4.3 percent decline in sales to 1.05 billion United Arab Emirates dirham (AED) equivalent to Sh38.5 billion in the financial year ended December 2023, blamed on the weak shilling.
Majid Al Futtaim, the operator of Carrefour's franchise in Kenya, says in the latest annual report, the sales dropped from AED1.1 billion (Sh40.4 billion) it had posted in the previous year.
