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Chris Musau was the proprietor of Nova Supermarket, which he sold to Naivas. The billionaire who owns 680 Hotel said his children failed to show interest.
Kenya’s retail sector is going through a significant transformation as local operators team up with PE firms to strengthen their capital positions.
Moses Okundi Chief Technology Officer (CIO), Absa Bank, Kenya has been named The CIO Of The Year 2022 at the annual dx100 Symposium and Awards (formerly CIO 100 Awards).
While local retailers are struggling to break even, foreign investors and particularly PE funds are salivating over the country’s retail sector.