ESM is proud to launch a new weekly series, Notes From Africa, which will bring you the latest retail, consumer goods and food and beverage stories from across the African continent. Past editions can be found here. In this week’s report: Kenya: Carrefour Launches 12th Store French retailer Carrefour has opened its 12th outlet in […]
Nakumatt supermarket chain could close down anytime following fears that almost 15 companies listed on the Nairobi Stock Exchange have plunged into loses. “The middle class in Kenya are getting trapped in poverty and, therefore, have no disposable income to support supermarkets, for example, which has led to the closure of many retail stores,” NSE […]
Corporate Kenya has from time to time been rocked by a succession of scandals due to governance malpractices. These failures have seen big companies fall on hard times, with some such as was the case for Imperial Bank and Nakumatt going under. Others like Kenya Airways and Uchumi Supermarkets, which were once profitable, are now […]
Vendors allowed to sell their wares during the weekends by renting out spaces at the hub’s parking lot even as the retailer seeks to accommodate the businesses inside the supermarket’s hall. The retail chain has been pushing to put itself back on the growth track having earned reprieve from liquidation in March last year with […]
Closed Tuskys Wareng branch. FILE PHOTO | NMG We have been exposed to many different types of risks in Kenya on both a personal and business level. But, how do we explain the universe of risk types and risk factors in an organised way? In early 2020, many large hotels either faced imminent closure or […]
Corporate Kenya has from time to time been rocked by a succession of scandals due to governance malpractices. These failures have seen big companies fall on hard times, with some such as was the case for Imperial Bank and Nakumatt going under. Others like Kenya Airways and Uchumi Supermarkets, which were once profitable, are now […]
Jatu share price plummeted 23.15 per cent in one week ending last Friday as investors’ appetite faded for once darling stock after listing two and half months ago. The agro-based starter-up firm opened last week at a 1,080/-, then closed at 830/- last Friday after hitting 760/- last Thursday. Orbit Securities said on Monday in […]
Uchumi Supermarkets branch in Nairobi. FILE PHOTO | NMG UBA Bank has revived its bid to sell troubled Uchumi’s Supermarket land situated on Langata Road over a debt of Sh172 million. In an application before the High Court, UBA says Uchumi has failed to implement a Company Voluntary Agreement (CVA) agreed in March last year […]
DESPITE a change of the tide on the last trading session of the week, JATU still managed to trivially suppress the Tanzania Share Index (TSI) after the counter dropped by 23.15 per cent on a weekly basis. JATU opened the week at a price of 1,080/- then closing at 830/- on Friday 05th February 2021 […]
Uchumi Supermarkets branch in Nairobi. FILE PHOTO | NMG UBA Bank has revived its bid to sell troubled Uchumi’s Supermarket land situated on Langata Road over a debt of Sh172 million. In an application before the High Court, UBA says Uchumi has failed to implement a Company Voluntary Agreement (CVA) agreed in March last year […]
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