QuickMart stiffens competition in Kenya’s retail market plans to open four new stores

KENYA – QuickMart, Kenyan retailer and majority owned by Mauritius-based private equity firm Adenia Partners, is set to open four more stores in the country in the next one and a half months taking over the spaces vacated by the struggling Tusky’s supermarket. The first outlet will be at Chania Mall on Kenyatta Road in Thika town, the second will be situated at OTC within the Central Business District in Nairobi while the third will be at Mtwapa Mall in Kilifi. The final store will be located in Kitale town…

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Kenyan retailer Quickmart beats the odds of economic hardship opens 32nd store

KENYA – Quickmart Supermarkets, Kenyan retailer and majority owned by Mauritius-based private equity firm Adenia Partners has opened its 32nd store as it eyes to ramp up its customer base. The retailer seeking to strengthen its hold on the growing middle class and working-class market has opened the new outlet at the suburbs of Kilimani in Nairobi. “We are positioning this store as our flagship store in the Kilimani, Ngong Road, Lavington and hurlighum area,” the retail chain’s marketing director Betty Wamaitha said. According to a report by Business Daily,…

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QuickMart Supermarket opens its first retail store in Nairobi’s central business district

KENYA – Kenyan retailer, QuickMart Supermarket has opened its first outlet in the heart of Nairobi’s central business district (CBD), heating up the competition in Kenya’s retail sector.   Quickmart has taken up the space previously occupied by Botswana-based Choppies supermarket, which plans to exit the Kenyan market following a cash flow hitch. “This store allows us to be part of the action in the heart of Nairobi being our first store in the CBD,” said Betty Wamaitha, QuickMart head of marketing. The retailer has more than doubled its outlet…

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QuickMart Supermarket opens 27th outlet in growth drive

KENYA – Kenyan retailer, QuickMart Supermarket has opened its 27th outlet in Roysambu, Nairobi, as it seeks to strengthen its hold on the growing middle class and working-class market. Last year the retailer merged with Tumaini Supermarket after Mauritius-based private equity firm Adenia Partners concluded a deal to acquire majority stake at Quickmart through its special purpose vehicle Sokoni Retail Kenya at an undisclosed amount. Sokoni Retail Kenya holds the controlling stake in Tumaini Self Service since 2018. Prior to the merger Quick Mart Supermarkets had 11 branches operating in…

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Kenya’s Quickmart Supermarket merges with Tumaini Self Service

KENYA – Mauritius-based private equity firm Adenia Partners has concluded a deal to acquire majority stake at the emerging retailer Quickmart Supermarket through its special purpose vehicle Sokoni Retail Kenya at an undisclosed amount. Sokoni Retail Kenya holds the controlling stake in Tumaini Self Service. The transaction will see Sokoni merge the operations of Quickmart and Tumaini Self to form a single retail operation under Quickmart brand name. The process has already been approved by industry regulator Competition Authority of Kenya (CAK) giving the investor a stronger footing in Kenya’s…

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