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Carrefour’s Two Rivers monopoly bid rejected
CARREFOUR OFFICIAL JEAN YVES GENIES (RIGHT) WITH CUSTOMERS DURING CELEBRATIONS TO MARK THEIR FIRST ANNIVERSARY IN KENYA IN MAY 2017. PHOTO | SALATON NJAU
French retailer Carrefour has suffered its first regulatory setback since entering the Kenyan market with the rejection of its application for exclusive occupancy of Nairobi’s Two Rivers Mall.
The Competition Authority of Kenya (CAK) rejected the move, arguing that such a move would harm competition and that there is enough room for more retailers in the shopping complex.
