KENYA – Retail giant Nakumatt Supermarkets lost at least Sh4.3 billion in sales and saw revenue fall by nearly a tenth last year as its branches in Kenya felt the full effect of the Westgate Mall terrorist attack.
TANZANIA – Tanzania’s Capital Markets and Securities Authority (CMSA) has approved Uchumi Supermarkets to cross-list shares on the Dar es Salaam Stock Exchange.
KENYA – Retail chain Tuskys Supermarkets yesterday shut down two of its Nairobi branches after the competition regulator stalled its bid to acquire six stores belonging to rival Ukwala in the city’s central business district (CBD).
UGANDA – Popular fast food joint Kentucky Fried Chicken (KFC) has opened its third branch in Entebbe at Victoria Mall today.
ZAMBIA – A continental consumer watchdog says Zambia’s sugar prices are relatively higher than expected.
KENYA – Nakumatt Supermarket is targeting entry into South Sudan and Burundi, making it potentially Kenya’s first big retail chain to open shop in the two countries.
UGANDA – Five Tuskys Supermarket stores in Uganda have been cleared by the Kampala Capital City Authority (KCCA) following a health inspection that was triggered by the discovery of rotten meat on sale in one of its outlets.
KENYA – Artcaffe has opened its first rebranded Dormans coffee shop at Wilson Airport, six months after it acquired the rival restaurant chain for an undisclosed amount.
TANZANIA – Regional Retailer Nakumatt Holdings has opened one of its three new branches it recently acquired in Tanzania from South African retail giant Shoprite.