South Africa’s Biggest Retailer Set to Open in Kenya

MK254

JF-Expert Member
May 11, 2013
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walmart.jpg

GROWTH
Walmart in South Africa TWITTER

One of South Africa’s biggest retailers, Massmart Holdings Limited, plans to open four stores, including the Builders Warehouse in Kenya.

Builders Warehouse is Massmart’s building materials and appliances chain.

The retail shop, which sells general merchandise, fresh food, groceries, home improvements and appliances is set to open in October in Nairobi.

8960423329822.jpg
Builders warehouse in Zambia
“Kenya and Zambia have quite strong tourism industries and little bit of local industries, so the economic play is a bit more robust,” stated Group Chief Executive, Guy Hayward.

The retailer warehouse plans to add 47 new stores between 2019 and 2021 in 12 African countries, with about a third of the new space in Zambia and East Africa.

The company set out its expansion plans along annual results, where the retailer reported a 31.7 per cent drop in full-year earnings, drop its shares sharply.


  • Hayward announced a month after Shoprite from South Africa opened its first store in Nairobi, Westgate.
    The company plans to open seven stores in Kenya due to the high cost of renting space.
    The South African-based retail states that it has faced a lot of competition from Carrefour, a retail store from Paris.
    shoprite.jpg
    Shoppers standing outside Shoprite in Nigeria
South Africa’s Biggest Retailer Set to Open in Kenya
 

Waterloo

JF-Expert Member
Nov 30, 2010
20,180
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Nilidhani ungefurahi nakumat au uchumi supermarket kuw na operations southern Africa. Lakini unafurahi south Africa kufungua market ndani ya Kenya
 

Engineer levi Devin

JF-Expert Member
May 17, 2016
2,473
2,000
walmart.jpg

GROWTH
Walmart in South Africa TWITTER

One of South Africa’s biggest retailers, Massmart Holdings Limited, plans to open four stores, including the Builders Warehouse in Kenya.

Builders Warehouse is Massmart’s building materials and appliances chain.

The retail shop, which sells general merchandise, fresh food, groceries, home improvements and appliances is set to open in October in Nairobi.

8960423329822.jpg
Builders warehouse in Zambia
“Kenya and Zambia have quite strong tourism industries and little bit of local industries, so the economic play is a bit more robust,” stated Group Chief Executive, Guy Hayward.

The retailer warehouse plans to add 47 new stores between 2019 and 2021 in 12 African countries, with about a third of the new space in Zambia and East Africa.

The company set out its expansion plans along annual results, where the retailer reported a 31.7 per cent drop in full-year earnings, drop its shares sharply.


  • Hayward announced a month after Shoprite from South Africa opened its first store in Nairobi, Westgate.
    The company plans to open seven stores in Kenya due to the high cost of renting space.
    The South African-based retail states that it has faced a lot of competition from Carrefour, a retail store from Paris.
    shoprite.jpg
    Shoppers standing outside Shoprite in Nigeria
South Africa’s Biggest Retailer Set to Open in Kenya
Turskys still my favourite, unless lifilisike sihami.buy Kenya build Kenya.

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Geza Ulole

JF-Expert Member
Oct 31, 2009
34,981
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Nilidhani ungefurahi nakumat au uchumi supermarket kuw na operations southern Africa. Lakini unafurahi south Africa kufungua market ndani ya Kenya
Kipigo mbwa walichokipata Tanzania, Nakumatt na Uchumi r long dead n forgotten stories!
 

Tata

JF-Expert Member
Dec 3, 2009
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Furaha yangu ni uwekezaji ndani ya nchi, waje wote wawekeze, maana vijana wanapata ajira, serikali inapata kodi na manufaa mengi tu.
Mtazamo mpana z
i huu
Furaha yangu ni uwekezaji ndani ya nchi, waje wote wawekeze, maana vijana wanapata ajira, serikali inapata kodi na manufaa mengi tu.
Mtazamo mpana huu. Bongo bado tuna watu wana myopic views kuhusu uwekezaji.
 

Sinister

JF-Expert Member
Feb 18, 2013
1,508
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Kipigo mbwa walichokipata Tanzania, Nakumatt na Uchumi r long dead n forgotten stories!
Pia hili ni jambo la kusherehekea? Ajira kwa watanzania na ushuru kwa serikali imepotea hapa...
Tz hawa ndio wasomi wenu?? Kweli bado 🙁
 

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