Nakumatt

retailer TECHNOLOGY

South African Retailer sets up shop in Kenya

South African retailer Shoprite has taken over space which was vacated by Nakumatt supermarkets at Westgate Mall in Nairobi, becoming the anchor tenant at the shopping complex. The Shoprite store…

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Majid BUSINESS NEWS

Majid Al Futtaim adds 6th store at Galleria Mall

French retailer Carrefour will open its sixth store at Galleria Shopping Mall in July taking up space previously occupied by struggling retailer Nakumatt. Carrefour, which entered the Kenyan market in…

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Majid Al Futtaim Carrefour TECH NEWS

Carrefour to open fifth hypermarket at Sarit Centre

Majid Al Futtaim has announced plans to open its fifth Carrefour hypermarket in Kenya. The new hypermarket will be located at the ground floor of one of Kenya’s most strategic…

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BUSINESS

Atul Shah hands over Nakumatt to Court-appointed administrator

Nakumatt’s court-appointed administrator Peter Obondo Kahi has taken over management of the struggling retailer, which will now be shielded from its creditors in the short term as it tries to…

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BUSINESS KENYA

Carrefour’s Revenue hits Ksh1.54 Billion in first 7 months

All Indications point to a booming retail sector in Kenya. This is after French retailer Carrefour recorded Sh1.54 billion in revenues in the first seven months of operations in Kenya…

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BUSINESS

Nakumatt’s creditors face a harder time getting paid in retail chain’s ownership twist

Brookside, New KCC, Redstar International, Kisima Management Limited, Kenindia Insurance, Lemoc Limited, Kevian, Haco Industries are just some of the companies that will have a hard time following up on…

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Majid Al Futtaim Carrefour BUSINESS

Carrefour finally opens its third branch at Thika Road Mall

Majid Al Futtaim, is set to open its third Carrefour store tomorrow, signalling commitment to the growth and expansion of its footprint in Kenya. Carrefour replaces Nakumatt Supermarket that was…

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BUSINESS

Nakumatt to be kicked out of Garden City Mall

GC Retail, owner of Garden City is the latest landlord to ask high court to allow it to repossess the space Nakumatt occupies over unpaid rent, service charges and utilities…

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Majid BUSINESS

Carrefour Supermarket to replace Nakumatt at Thika Road Mall

After Nakumatt shutdown its Thika Road Mall (TRM) branch, last month barely a month after closing its outlet at the NextGen Mall on Mombasa Road after just nine months of…

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TECH NEWS

Nakumatt Plan to Introduce Mastercard Prepaid Cards For use in East Africa

Nakumatt plan to introduce the multi-currency  MasterCard prepaid cards in Kenya . The existing Nakumatt Cybercash loyalty card will be replaced with the Nakumatt Global MasterCard Prepaid card, allowing customers…

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