• About Us
  • Archives
  • SWG Registration
Samrack Media
Mahiga Homes
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events
No Result
View All Result
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events
No Result
View All Result
Samrack Media
No Result
View All Result

Reports; Carrefour To Open 5th Outlet in Kenya at Sarit Centre

samrack by samrack
January 11, 2018
in Business, Diaspora, Kenya, Kenya Diaspora News, News
A A
0
Reports; Carrefour To Open 5th Outlet in Kenya at Sarit Centre
Share this
FacebookTwitterPinterestEmailWhatsAppLinkedIn

Reports; Carrefour To Open 5th Outlet in Kenya at Sarit Centre

Majid Al Futtaim is in talks with Soma Properties to open its fifth Carrefour store at Westland’s based mall Sarit Centre.

According to people familiar with the matter, the store could be located at mall’s newly constructed 250,000 feet extension or at the old mall in the space currently occupied by Uchumi Supermarkets whose lease agreement comes to an end in April.

According to Business Daily, Uchumi’s lease agreement with the Soma Properties (the owners of the mall) will likely not to be renewed.

“If the negotiations to have the current lease extended do not work out this means that we will have to look for space in upcoming developments nearby or put more investment in the Westlands Mall branch.” Uchumi COO Andrew Nixon was quoted by Business Daily.

In June last year, Sarit Centre Director, Nitin Shah told reporters in Nairobi that they were looking for ways to keep visitors at the mall hence the expansion of the mall that cost about of Sh 4 Billion.

“The new space will also have international retailers who have recently expanded into the country.” He said then.

Carrefour has been on a rapid expansion over the last few months as it seeks to take advantage of the current state of Kenya’s retail industry. In December, Carrefour announced it will open its fourth outlet in the country at the Junction Mall, replacing Nakumatt as the anchor tenant.

Carrefour entered the local market in May 2016 when it began operations at the Hub shopping mall in the Karen suburb, Nairobi. In March this 2017, the chain opened its second store at the Two Rivers Mall. And in November 2017, it opened its third outlet at Thika Road Mall (TRM), the space previously occupied by Nakumatt.

In December, we had a chat with the Franck Moreau, country manager for Majid Al Futtaim Hypermarkets Ltd- Carrefour Stores. He said that since entering the local market, they haven’t broken even but the business was doing extremely well compared to other markets where they operate. He further noted that their local expansion plans is financed through a mixture of debt from a multinational lender with local operations, support from the mother company and a bit of cash from the local operations.

 

Previous Post

Raila Speaks on Status of His Ailing Daughter

Next Post

America scraps travel advisory against Kenya

Related Posts

Azimio Leader Raila Odinga leading the "People's Baraza" in Nakuru Town on March 17, 2023.
News

Raila Odinga’s secret cards for mass action

March 19, 2023
President William Ruto. Image: PCS
News

I will not allow you to terrorise Kenyans, Ruto tells Raila

March 19, 2023
Transition /Death Announcement of Joseph Karanja Gaturu (Mr. Karanja) father to Esther Macharia & father in-law to James Macharia Matu of Lowell, Massachusetts
Diaspora

Transition /Death Announcement of Joseph Karanja Gaturu (Mr. Karanja) father to Esther Macharia & father in-law to James Macharia Matu of Lowell, Massachusetts

March 19, 2023
URGENT COMMUNITY APPEAL : FOUR KENYANS ESCAPE A FIRE TRAGEDY IN MALDEN, MASSACHUSETTS
Africa

URGENT COMMUNITY APPEAL : FOUR KENYANS ESCAPE A FIRE TRAGEDY IN MALDEN, MASSACHUSETTS

March 11, 2023
Ireland-Based Kenyan Businessman Seeks Justice After His Sh55 Million Property Was Demolished

Ireland-Based Kenyan Businessman Seeks Justice After His Sh55 Million Property Was Demolished

March 10, 2023
Jeff Mwathi (left) was buried (inset) in Nakuru County on March 3, 2023, after dying outside Kikuyu entertainer, DJ Fatxo's house in Nairobi.
News

DJ Fatxo speaks: ‘Justice will prevail’

March 10, 2023
Next Post
America scraps travel advisory against Kenya

America scraps travel advisory against Kenya

Please login to join discussion
ADVERTISEMENT
ADVERTISEMENT
Royal Gardens Ngong Royal Gardens Ngong Royal Gardens Ngong
ADVERTISEMENT
KIBS VILLA HOMES:(ABNB) Relax into Luxury: Monthly ABNB rates are negotiable Call:508-479-1517 / 254714428680 KIBS VILLA HOMES:(ABNB) Relax into Luxury: Monthly ABNB rates are negotiable Call:508-479-1517 / 254714428680 KIBS VILLA HOMES:(ABNB) Relax into Luxury: Monthly ABNB rates are negotiable Call:508-479-1517 / 254714428680
ADVERTISEMENT

Latest News

Raila Odinga’s secret cards for mass action

I will not allow you to terrorise Kenyans, Ruto tells Raila

Transition /Death Announcement of Joseph Karanja Gaturu (Mr. Karanja) father to Esther Macharia & father in-law to James Macharia Matu of Lowell, Massachusetts

URGENT COMMUNITY APPEAL : FOUR KENYANS ESCAPE A FIRE TRAGEDY IN MALDEN, MASSACHUSETTS

Ireland-Based Kenyan Businessman Seeks Justice After His Sh55 Million Property Was Demolished

DJ Fatxo speaks: ‘Justice will prevail’

[PHOTOS] Dramatic scenes during Kisumu demonstrations

Raila names Safaricom among companies listed for boycott

Ex-Nyandarua governor Waithaka, 5 others have case to answer in graft case

Transition/Death Announcement of Beatrice Njeri Njagi (mother to Pastor Catherine Ulanga and Mother in law to Pastor Charles Ulanga Mwele of Christ is the Answer church – (CITAC)

We are grateful for your monthly or one-off donations To Samrack Media: Cash App No: 781-888-8770 $SAMRACK001

Money

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency

by samrack
November 19, 2021
0

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency This week sees the launch of a new initiative to equip...

A simple guide to Government Bonds investing in Kenya

A simple guide to Government Bonds investing in Kenya

by samrack
September 17, 2021
0

A simple guide to Government Bonds investing in Kenya A treasury bond (T-bond) is a medium term to long term...

Politics

Kisumu residents stage protests over high cost of living in Kisumu on March 10. Image: DANIEL OGENDO

[PHOTOS] Dramatic scenes during Kisumu demonstrations

by samrack
March 10, 2023
0

Dramatic scenes during Kisumu demonstrations The protesters are seen negotiating with police to allow them to demonstrate. They held...

Azimio leaders at Migori rally on Friday, March 10, 2023 Image: JAMES ORENGO/TWITTER

Raila names Safaricom among companies listed for boycott

by samrack
March 10, 2023
0

Raila names Safaricom among companies listed for boycott He said his call for mass action and demonstrations which will culminate...

  • About Us
  • Archives
  • SWG Registration

© 2023 SAMRACK - Diaspora News & Updates; design by: Samrack.

No Result
View All Result
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events

© 2023 SAMRACK - Diaspora News & Updates; design by: Samrack.

Page generated in 1.030 seconds. Stats plugin by www.blog.ca