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Coca-Cola Beverages Africa Limited buys stakes in Kenyan bottlers

Coca-Cola Beverages Africa Limited (CCBA) has bought stakes in two Kenyan Coca-Cola franchise bottlers for Sh19.4bn (US$187m) from Centum Investment. It has acquired a 53.9% share in Almasi Beverages Limited and a 27.6% share in Nairobi Bottlers Limited (NBL). The moves mean …
Choppies

Choppies confirms exit from Kenya and Tanzania

In an announcement that will surprise nobody, Choppies has confirmed it will exit Kenya, one of its key expansion markets. It has reportedly laid off 200 workers in anticipation of selling its 12 remaining stores. Choppies will also exit Tanzania, …

Kenyan chains Quickmart and Tumaini merge, plan further stores

Tumaini owner Sokoni Retail Kenya has been given the go head by Kenya’s Competition Authority to acquire a majority stake in supermarket chain Quickmart. The two chains will be merged under the Quickmart name in a deal which will see …
Quickmart

Kenyan grocery chain Quickmart goes premium with new supermarket

Quickmart has opened its 11th supermarket, its flagship store, on Waiyaki Way in Nairobi. The new store rolls out new premium, fresh food concept designed to appeal to a more upmarket consumer base. To date, Quickmart has generally been considered …
Shoprite Angola

Kenya retail news: Shoprite expansion, Choppies possible exit?

Shoprite has secured a $5.5m loan to expand its store network in Kenya from Stanbic Bank. The retailer has also revealed its two new stores will open next week (Nyali, Mombasa) and next month (Waterfront Karen, Nairobi). Elsewhere, media speculation that …
Keroche Breweries

Kenya’s Keroche Breweries accused of $140 tax fraud

Kenya’s Director of Public Prosecutions (DPP) has accused Kenya’s second largest brewery of failing to pay Excise Duty and VAT amounting to KSh14.4bn ($140m) on its various products including Summit beer, Crescent Vodka and Viena Ice between January 2015 and June …
Fast Food Kenya

The Top Fast Food Chains in Kenya

Trendtype data on the leading fast food chains in Kenya. Our unique data identifies every fast food, casual dining and coffee shop chain and allows users to search by cuisine, location, chain and brand owner.
TFG logo

TFG (The Foschini Group) mulls exit from Kenya and Ghana

South African fashion retailer TFG (The Foschini Group) is assessing whether its twelve stores in Kenya and Ghana will remain open. The company will review economic prospects, tax legislation and lease costs to decide if it is worth continuing. The …

Tuskys looking to list on the Nairobi Securities Exchange (NSE) in 2020

Tuskys has joined the NSE’s IBUKA accelerator board, which is aimed at fast-tracking Kenyan companies going public. The leading Kenyan supermarket chain is seeking to list on the NSE in late 2020 to aid its expansion programme. Tuskys, which was …