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 …

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, …

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 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 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 …

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 …

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 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 …