Uchumi exits Sarit Centre after three decades

KENYA - Uchumi Supermarkets will on Sunday close its prime Sarit Centre branch as part of its cost management and turnaround strategy that has seen its store count drop to 16. The struggling retailer, which has operated the store for over three decades, says it will now look for an alternative space that is “cost-effective” and…

Kenyan businessman Kirubi completes buyback of Haco Tiger Brands

KENYA - Businessman Chris Kirubi has taken back full control of Haco Tiger Brands East Africa after acquiring Johannesburg-based Tiger Brands’ 51% stake in the fast moving consumer goods manufacturer. Mr Kirubi in 2008 sold the stake in the firm –then trading as Haco Industries- to the multinational for more than US$2.95 million. “As previously…

Midlands Horticultural Processing Factory in finds fresh life in vegetables

KENYA - A business partnership between a United States based export company and a US$11.8 million horticultural processing factory in Nyandarua has re-energized farmers in the area. Officially opened in 2004, Midlands Horticultural Processing Factory nearly collapsed due to years of mismanagement. Farmers lost confidence in the facility, opting to sell their potato to brokers.…