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The investors are now eyeing to add four more outlets in major cities around the country.

Listed property investor Ilam Fahari I-Reit says office rent in top-grade buildings has dropped by an average of 16.9 percent over the past four years on increased supply.

Retail chain Carrefour Kenya’s sales surged 25.8 percent to Sh32.9 billion last year as it opened more branches and attracted more customers.

Retail Analysis news

“In line with the company’s decision to exit the Kenyan market, it intends to permanently close its home office. It is contemplated that the proposed closure will cause employees of the said office to be declared redundant and therefore the termination of their employment contracts on the account of the redundancy. This decision will impact you,” reads part of the letter. “This letter, therefore, serves to provide you with not less than a month notice prior to the date of the intended termination on account of redundancy in terms of Section 40 of the Employment Act of 2012.” The let...