Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Kenya retail sector second most formalised in Africa on middle class growth
Thika Road-based Garden City, which is currently the largest shopping mall. PHOTO | FILE
The boom in shopping mall construction and higher incomes have made Kenya’s retail sector the second most formalised in Africa.
Global consultancy Oxford Business Group (OBG) said Kenya’s formal retail sector accounts for between 30 and 40 per cent of the market, behind South Africa which has a penetration rate of 60 per cent.
