Naivas Supermarkets on Wednesday opened its latest outlet at Development House on Nairobi’s Moi Avenue, bucking a trend in the country’s financially strained retail sector. The family-owned retailer took up space vacated by Nakumatt Holdings, which has closed scores of its outlets across the country in recent months. The outlet raises the number of Naivas’ [...]

The unaudited results to December 31, 2017 show half year sales and other income at Sh527 million compared to Sh1.85 billion in 2016. Uchumi said its management will continue working with the Board to implement re-structure strategy aimed at returning the organization to a positive and sustainable EBITDA position. “This has already begun to positively [...]