Kenya’s major supermarkets opened 19 new stores last year, partly spurred by a recovery in consumer demand and cash from private equity funds which acquired stakes in two of the four retailers in prior years.
Naivas, Quick Mart, Carrefour and Chandarana Foodplus tightened their grip on Kenya’s retail sector, capitalising on the gap left by the collapse of Nakumatt, Tuskys, Uchumi, and the exit of Botswana retailer, Choppies.
