Amethis Fund II to acquire minority stake in Kenyan retail chain Naivas

KENYA – Amethis Fund II, Paris-based private equity fund is set to acquire a minority equity stake in Kenyan retail chain Naivas Limited in a deal estimated to be worth billions of shilling. “We are […]

Naivas widens footprint at the Coast of Kenya with 56th branch

KENYA – Kenyan retail chain Naivas supermarkets has opened its 56th branch in Kenya’s Coastal region, Mombasa’s Central Business District, as part of its expansion plan targeting other regions outside Nairobi where most of its […]

Uchumi Supermarkets clinches US$25m deal under its recovery plan

KENYA – Kenyan retailer, Uchumi Supermarkets, has reached into an agreement with its suppliers to forfeit US$25 million (Ksh2.5bn) in arrears as part of a proposed recovery plan for the retailer. The agreement will however, […]