New crop of retailers banishes Nakumatt and Uchumi ghosts standardmedia.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardmedia.co.ke Daily Mail and Mail on Sunday newspapers.
April 5th 2021 at 11:53:07 GMT +0300
The Kenyan retail sector still looks like a poisoned chalice, the exit of industry behemoths Nakumatt, Uchumi and Tuskys from the pinnacle of the industry still hard for many to take. In their place, though, sits Naivas, which was grown into a multi-billion-shilling business by David Mukuha and his late brother Simon Gashwe. With a staggering 70 branches in Kenya, Naivas is now the biggest retail chain in Kenya’s history.
While some of the powerhouses in the retail industry fell apart thanks to the owners’ family disputes, Naivas has managed to remain afloat. Naivas Managing Director Mukuha told
Managing Director David Mukuha: How we turned Naivas Supermarket into multi-billion retail business standardmedia.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardmedia.co.ke Daily Mail and Mail on Sunday newspapers.
THE STANDARD By
Dominic Omondi |
February 2nd 2021 at 07:39:40 GMT +0300
A weak shilling and a host of disruptive factors in some of the country’s key source markets have led to a spike in retail prices. [Standard, file]
What started as a rumour of a sharp increase in the prices of cooking oil quickly turned into a protest, as the kitchen crisis worsened.
As expected, most shoppers were incensed by the “greedy” retailers. No one blamed the market. Perhaps because the market is abstract and distant.
Few Kenyans care about what is “cooking” in the swathes of palm oil plantations in the two islands of Borneo and Sumatra in Asia. They only care for what is cooking in their kitchen.