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EAST AFRICA NEWS ON FASTMOVING

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Shoprite continues march into Kenya with opening of third store

Shoprite continues march into Kenya with opening of third store

09/09/2019 - 14:29
Further strengthening its position in the East African market, the Shoprite Group launched its third supermarket in Kenya and the first outside Nairobi. read more
 Carrefour franchisee on prowl for acquisitions to grow in Africa

Carrefour franchisee on prowl for acquisitions to grow in Africa

03/04/2019 - 08:42
Majid Al Futtaim Holding, an operator of French retailer Carrefour SA outlets, plans to boost its presence in Kenya as it looks to expand into eastern and southern Africa.  read more
Sugar industry staff threaten strike over cheap imports, Kenya

Sugar industry staff threaten strike over cheap imports, Kenya

22/04/2014 - 11:18
Sugar factory workers have threatened to hold a strike following an influx of duty free imports. The Kenya Union of Sugar Plantation and Allied Workers secretary general Francis Wangara asked the government to stop the illegal imports posing a serious threat to the industry.  read more
Kenya's Village Market embarks on retail upgrade

Kenya's Village Market embarks on retail upgrade

17/04/2014 - 11:12
Nairobi's prime shopping and recreation complex, Village Market, is set to undergo a major redevelopment starting next month after securing a Sh5 billion loan. read more
Pharmacy board to bolster drug crime, Kenya

Pharmacy board to bolster drug crime, Kenya

15/04/2014 - 07:46
The Pharmacy and Poisons Board will step up drug enforcement to improve safety standards. Nyanza regional head of inspectorate Beatrice Obinge said PPB will partner with the Kenya Pharmaceuticals Association in the effort. She was speaking at Great Lakes Hotel in Kisumu during a stakeholders meeting yesterday. read more
Inflation rate hits 8-month low, but cost of living remains high, Kenya

Inflation rate hits 8-month low, but cost of living remains high, Kenya

03/04/2014 - 15:35
Consumers are paying 6.27 per cent more than they did 12 months ago for the same goods and services, official data has showed. Despite inflation – the sustained increase in prices as measured by the Consumer Price Index over time – slowing to an eight-month low, the cost of living remains persistently high.  read more
KRA to push for stiff fines in war on fake products

KRA to push for stiff fines in war on fake products

20/03/2014 - 13:16
Kenya Revenue Authority has backed rallying calls by manufacturers to classify counterfeiting of goods as an economic crime through an amendment to Anti-Corruption and Economic Crimes Act 2013.  read more
Brewers evading tax, says Nacada, Kenya

Brewers evading tax, says Nacada, Kenya

20/03/2014 - 12:11
The National Authority for Campaign against Alcohol and Drug Abuse has said more than half of brewers in the country are not remitting tax. read more
Cross-listing of Kenyan supermarket meets hurdle

Cross-listing of Kenyan supermarket meets hurdle

13/03/2014 - 12:00
Dar/Nairobi. A technical challenge is delaying the cross-listing of Uchumi Supermarket at the Dar es Salaam Stock Exchange (DSE), BusinessWeek has learnt.  read more
Tanzania tea sales down at Mombasa auction: board

Tanzania tea sales down at Mombasa auction: board

04/03/2014 - 11:15
Dar es Salaam. Tanzania’s tea dealers are depending on private contracts in selling their produce instead of the Mombasa auction. read more
Nakumatt seeks cash for Shoprite bid in Tanzania

Nakumatt seeks cash for Shoprite bid in Tanzania

26/02/2014 - 10:30
Nairobi. Nakumatt Holdings will finance the acquisition of three Shoprite outlets in Tanzania through bank loans, managing director of Kenya’s supermarket chain has sai read more
Kenyan retailer, Tuskys, locks horns with its workers again

Kenyan retailer, Tuskys, locks horns with its workers again

25/02/2014 - 10:07
Staff at supermarket chain Tuskys are likely to stage a second major strike after the management reportedly sacked over 100 employees citing "redundancy," union officials told the Star.  read more
EABL raises concern over Senator Keg levy

EABL raises concern over Senator Keg levy

24/02/2014 - 11:45
There are concerns of job losses in the beer industry following shut down of distributorship and outlets dealing in East African Breweries low-end beer Senator.  read more
Nakumatt expands retail presence in Uganda

Nakumatt expands retail presence in Uganda

24/02/2014 - 11:35
Leading Kenyan retailer Nakumatt has increased its outlets across East Africa to 45 with the opening of an additional store in Uganda at Acacia Mall in Kampala.  read more
Regulator approval clears hurdles for pending merger deals, Kenya

Regulator approval clears hurdles for pending merger deals, Kenya

11/02/2014 - 10:23
The Competition Authority of Kenya has given approval for several pending and ongoing acquisitions.  read more
MP raises alarm over sugar cartels, Kenya

MP raises alarm over sugar cartels, Kenya

07/02/2014 - 12:25
TINDERET MP Julius Meli has said a cartel of unscrupulous traders working with sugar millers are behind the poor cane prices. He appealed to the Kenya Sugar Board to intervene and save the industry from collapsing. read more
Investor to build Madiba Mall in Kenya

Investor to build Madiba Mall in Kenya

06/02/2014 - 00:08
Investor Githinji Kinyanjui, launched the construction of a Sh700 million shopping mall in Nyeri town. The ceremony was attended by senior government officials and all Nyeri county MPs.  read more
Kenyan retailer, Tuskys, settles part of its workers outstanding wages

Kenyan retailer, Tuskys, settles part of its workers outstanding wages

29/01/2014 - 11:03
Tuskys workers are waiting to see whether they were paid 50 per cent of wage arrears owed to them by the company after the expiry of the December 31 deadline. read more
Garden City Mall, new shopping development in Nairobi, Kenya

Garden City Mall, new shopping development in Nairobi, Kenya

24/01/2014 - 12:33
The International Finance Corporation and UK government-backed CDC Group have injected $32 million (Sh2.75 billion) into the Garden City real estate development. read more
Kenyan retailers snap up new buildings as demand for retail space grows

Kenyan retailers snap up new buildings as demand for retail space grows

20/12/2013 - 11:51
Commercial property development in Kitale town is on a roll, with those splurging huge sums reaping big, thanks to growing demand for retail space. - See more at: http://www.the-star.co.ke/news/article-145255/retailers-snap-new-buildings-kitale-town#sthash.8AX5Q0mt.dpuf read more
Kenyan retail giant, Nakumatt, spends Sh86 million on call service

Kenyan retail giant, Nakumatt, spends Sh86 million on call service

17/12/2013 - 08:53
Giant retailer Nakumatt Holdings has invested Sh86 million on new customer service programmes among them a contact centre unveiled Friday. read more
Kenyan retailers eye festive season

Kenyan retailers eye festive season

20/11/2013 - 11:43
Kenya's top three retail chains, Nakumatt, Tuskys and Uchumi are set to open new stores in strategic locations across the country in time for the December festive season's shopping boom. read more
Brewer in new drive to recruit whisky drinkers, Kenya

Brewer in new drive to recruit whisky drinkers, Kenya

11/11/2013 - 10:25
Kenya Breweries has unveiled East Africa’s first whisky festival to grow the drink’s sales. The drive, which is a campaign driven themed ‘Love Whisky Festival’ will take place during this month in different venues around Nairobi. read more
Woolworths Kenya signs 'pay as you wear' sales deal

Woolworths Kenya signs 'pay as you wear' sales deal

11/11/2013 - 08:41
Clothing retailer, Woolworths Kenya has signed an agreement with consumer finance firm afb allowing its customers to buy goods on credit to be repaid in six months.  read more
Importers want time over new sugar rules, Kenya

Importers want time over new sugar rules, Kenya

05/11/2013 - 08:37
Sugar importers have asked for two weeks to discuss the new regulations that are to be introduced by the Kenya Sugar Board to regulate the market.  read more
Commercial space rent doubles in Nakuru town, boosted by retail chains

Commercial space rent doubles in Nakuru town, boosted by retail chains

01/11/2013 - 08:27
Construction of commercial space is turning out a lucrative venture for landlords in Nakuru as letting prices appreciate. Prices have doubled from Sh20-30 per square foot a month three years ago to Sh60-70 per square foot, a spot check by the Star reveals. read more
Uchumi workers to close shop over pay

Uchumi workers to close shop over pay

31/10/2013 - 08:23
Uchumi supermarkets could grind to a halt next Wednesday if employees make good their threat to down their tools. The Kenya Union of Commercial Food and Allied Workers has issued a strike notice dated October 9 to pressurise the supermarket chain's management to meet workers' demands for higher pay. read more
Nakumatt eyeing East Africa's hospitality sector

Nakumatt eyeing East Africa's hospitality sector

18/10/2013 - 08:47
Nakumatt is targeting new sales within the hospitality industry by offering select label products like furnishings, decorative accessories, bath towels, bed and table linen. according to the supermarket chain's business development manager Neel Shah. read more
Bacardi opens first African office in Kenya

Bacardi opens first African office in Kenya

10/10/2013 - 12:32
The World’s largest privately held spirits company, Bacardi Limited is set to open its first African sales outlet in Nairobi, Kenya on Tuesday following the growing demand for luxurious goods such as alcoholic beverages by consumers. read more
Kenyan retailer, Uchumi, cleared to list on Rwanda stock market

Kenyan retailer, Uchumi, cleared to list on Rwanda stock market

07/10/2013 - 10:40
Kenya’s Uchumi's Supermakets Ltd. has been cleared to cross list at Rwanda's Stock Exchange. read more
Nakumatt bears brunt of Westgate attacks, Kenya

Nakumatt bears brunt of Westgate attacks, Kenya

04/10/2013 - 12:25
Last week’s Nairobi’s Westgate Mall attacks had hammered Kenya’s general retailer, Nakumatt, one of Africa’s most home-based business triumphs, according to the Wall Street Journal (WSJ).  read more
Massmart confirms Naivas bid, targets entry into Kenya

Massmart confirms Naivas bid, targets entry into Kenya

04/10/2013 - 11:00
Massmart has confirmed it is interested in buying a major stake in Kenyan retailer Naivas. read more
Kenya’s Naivas, Chase Bank and Visa partner for secure prepaid card for shoppers

Kenya’s Naivas, Chase Bank and Visa partner for secure prepaid card for shoppers

27/09/2013 - 13:45
Chase Bank (K) Limited, Naivas Supermarket and Visa have announced a partnership to launch a secure prepaid card for shopping convenience in Kenya, featuring the latest chip-based technology to cut the risk of fraud. read more
UK plans to double trade with Kenya

UK plans to double trade with Kenya

09/09/2013 - 11:28
The United Kingdom intends to double the value of trade with Kenya in the next five years, High Commissioner, Christian Turner has said.  read more
Uchumi Supermarkets full year profit up 30 per cent

Uchumi Supermarkets full year profit up 30 per cent

05/09/2013 - 09:06
Listed retailer Uchumi Supermarkets has reported a 30.3 per cent rise in full year profit to Sh373.01 million from Sh273.98 million last year. read more
Uchumi plans to list in Uganda, Tanzania, Rwanda

Uchumi plans to list in Uganda, Tanzania, Rwanda

03/09/2013 - 07:52
Grocery firm Uchumi Supermarkets at the weekend said it plans to list in Uganda, Tanzania and Rwanda bourses in the near future.  read more
Massmart mulling acquisition in Kenya

Massmart mulling acquisition in Kenya

13/08/2013 - 09:50
Johannesburg - Massmart Holdings, South Africa’s biggest food and household-goods wholesaler, said it has met “several important players” in Kenya’s retail industry as the unit of Wal-Mart Stores Inc. seeks expansion abroad. read more
Uchumi Tanzania embarks on expansion drive

Uchumi Tanzania embarks on expansion drive

01/08/2013 - 12:21
Uchumi Group Chief Executive Officer, Jonathan Ciano, told the company’s business partners in Dar es Salaam over the weekend that the firm will soon open new shops in Dar es Salaam and upcountry regions. read more
Bralirwa unveils ‘medium size’ beer bottle

Bralirwa unveils ‘medium size’ beer bottle

30/07/2013 - 09:11
Rwanda’s leading beer and soft drinks maker, Bralirwa, has launched a 50cl bottle for its Primus beer brand onto the market. read more
Retailer Nakumatt Seeks Foreign Investment For $14m East Africa Expansion

Retailer Nakumatt Seeks Foreign Investment For $14m East Africa Expansion

30/07/2013 - 08:51
VENTURES AFRICA – Nakumatt Holdings Ltd, a Kenyan supermarket chain, has began talks to sell almost a quarter of its shares to foreign investors to aide its expansion plans across East Africa. read more
Tanzania moves to cushion coffee growers

Tanzania moves to cushion coffee growers

22/07/2013 - 10:07
The Minister for Agriculture, Food Security and Co-operatives, Eng Christopher Chiza, told ‘Daily News’ that the government would assist coffee farmers by providing them with coffee seedlings at subsidised prices. “In principle we have agreed that we should provide them with input subsidies.  read more
Private equity firm buys into Ethiopian drink maker

Private equity firm buys into Ethiopian drink maker

16/07/2013 - 08:32
Kenya-based private equity firm Catalyst said it had acquired a 50 per cent stake in Ethiopian food and drink maker Yes Brands to tap into the Horn of Africa nation's large population and fast economic growth.  read more
Massmart says in advanced talks to enter Kenya

Massmart says in advanced talks to enter Kenya

11/07/2013 - 11:51
Johannesburg (Reuters) – South African retailer Massmart is in talks enter Kenya, a senior executive said on Tuesday, the latest step by the unit of Walmart Stores to expand its presence in Africa. read more
Nokia to sell Asha 210 in East Africa

Nokia to sell Asha 210 in East Africa

03/07/2013 - 13:45
Nokia has announced local availability of the Nokia Asha 210 across East Africa, bringing consumers more social experiences at an affordable price. The Nokia Asha 210, available in both single and easy swap dual-Sim variants, features a distinct design, smart imaging and Wifi to help people enjoy more of the internet for less. read more
Kenya: Uchumi plans for 100 million shares

Kenya: Uchumi plans for 100 million shares

21/06/2013 - 10:32
Uchumi Supermarket is counting on small retail investors across East Africa as it seeks to raise cash for expansion.  read more
Heineken omits Kenya from new women’s beer

Heineken omits Kenya from new women’s beer

21/05/2013 - 09:13
Heineken will not be launching its sweeter, low-alcohol Radler beer in Kenya. It will instead focus on its flagship brand to grow local market share. read more
Kenya's Uchumi to open 13 supermarkets across East Africa

Kenya's Uchumi to open 13 supermarkets across East Africa

15/05/2013 - 10:35
Kenya's Uchumi Supermarkets will open 13 new stores over the next year as East Africa's sole listed retailer prepares for a cash call and a cross listing of its shares, its chief executive said on Tuesday. read more
Nakumatt plans to raise $50m for East African expansion

Nakumatt plans to raise $50m for East African expansion

15/04/2013 - 09:30
Nakumatt Holdings Ltd. on Friday said it wants to raise $50 million for its East African expansion. read more
Nakumatt opens 40th branch in Thika, Kenya

Nakumatt opens 40th branch in Thika, Kenya

15/03/2013 - 10:52
NAIROBI, Kenya, Feb 23 – Nakumatt Holdings says it has attained its midterm corporate expansion goal, with the opening of its 40th branch in Thika town. read more
Uchumi starts its journey of East African regional growth

Uchumi starts its journey of East African regional growth

14/01/2013 - 09:01
Uchumi, Kenya’s third largest retail supermarket chain, plans to use the additional funds it is seeking from its shareholders to finance regional expansion and refurbish its outlets.  read more
Kenya: Nakumatt Opens Another Branch in Uganda

Kenya: Nakumatt Opens Another Branch in Uganda

19/11/2012 - 10:10
Nairobi — Retailer Nakumatt Holdings increased its regional footprint with the opening of its 37th branch in the Western Uganda town of Mbarara. read more
East Africa: Mobile Money Made Easy By Mpayer

East Africa: Mobile Money Made Easy By Mpayer

06/11/2012 - 08:39
Businesses in East Africa have experienced rapid growth over the past few years due to the increase in the options of payments; and wallet accessibility through mobile money transfers and mobile banking. read more
Kenya: Homegrown retailers gearing for duel with South African giants

Kenya: Homegrown retailers gearing for duel with South African giants

06/03/2012 - 08:57
Kenyan retail chains that have gone aggressive in their regional expansions are expected to meet stiff competition from South African retailers such as Massmart, Shoprite, Pick n Pay and Spar.  read more