The Nairobi Securities Exchange All-Share Index is set to halt a five-month winning streak in September after investors’ sentiments soured due to China Evergrande Group ’s crisis, and a local rally driven by growth in corporate earnings motivated investors to take out gains. So far this month investors on the bourse have lost 2.5% after […]
Naivas Supermarket is set to take over Uchumi’s city centre outlet in Nairobi and open a new store in Malindi next month, underlining its aggressive expansion plan. The first outlet will be on the Aga Khan Walk within the central business district in Nairobi, which the struggling Uchumi Supermarket previously occupied. The second premise is […]
QuickMart Supermarket is set to take up the space Tuskys vacated at Echiro Mall in Kisii town in the race for a piece of South Nyanza retail market. The retailer will start operations at the building situated on Moi Avenue tomorrow, stepping up competition with rival Naivas that has a presence in the town. “We […]
The Nairobi Securities Exchange All-Share Index is set to halt a five-month winning streak in September after investors’ sentiments soured due to China Evergrande Group ’s crisis, and a local rally driven by growth in corporate earnings motivated investors to take out gains. So far this month investors on the bourse have lost 2.5% after […]
KEY POINTS Nairobi Business Ventures was the top gainer of the day on Thursday at the Nairobi Securities Exchange (NSE) with 6.09 percent at the price of 7.32 shillings per share. Nairobi Business Ventures was the top gainer of the day on Thursday at the Nairobi Securities Exchange (NSE) with 6.09 percent at the price […]
Kampala — The exit of multinational companies in Uganda including South Africa’s largest grocery retailer Shoprite Holdings exposes the challenges that businesses in the country are grappling with to remain afloat. Several Kenyan retail chains including, Uchumi, Tuskys, Nakumatt and other firms which had been in operation for decades, have exited the Ugandan market over […]
The supermarket upsurge has yet to be firm in Tanzania as it has in other countries in the region and perhaps compared to other parts of the world. Within east Africa after years of attempting to have their brands or enters partnerships, supermarket chains in my assessment have only succeeded to take over a big […]
Firms need to go big on innovations, corporate governance and cost management, experts say Kampala, Uganda | THE INDEPENDENT | The exit of multinational companies in Uganda including South Africa’s largest grocery retailer Shoprite Holdings exposes the challenges that businesses in the country are grappling with to remain afloat. Several Kenyan retail chains including, Uchumi, […]
The media, especially social media, has been awash with stories and reactions about the intended exit of Shoprite and Game Stores supermarkets from the Ugandan market. The exit of the two supermarket chains follows previous exits of other foreign-owned supermarkets, including Uchumi, Nakumatt and Tuskys. Reports indicate that Carrefour will take over six Shoprite stores […]
Why Ugandan pundits are mistaken in their understanding of why some foreign firms have quit our market THE LAST WORD | ANDREW M. MWENDA | A couple of multinational firms have pulled out of Uganda in the last one decade. Oil giant Shell sold itself to Vivo, Barclays Bank to Absa while Kenyan supermarket giants […]
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