News
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SCAK Mystery Shopper Service
SCAK launches Mystery Shopper service Shopping Centres Association of Kenya is providing its members with a free mystery shopper service. Read on to find out more. What is the SCAK mystery shopper service? SCAK mystery shopper service will provide an unbiased customer evaluation to the shopping mall and retail The report from the mystery shopper assessment can be used to…
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Visual Merchandising Workshop
Our first visual merchandising workshop held at Prestige Plaza on Tuesday 23 October was a great success. Participants walked away with a plan to start adding inspiration to their shop fronts. Asante sana to the team at Prestige Plaza for being a great host. If as either a landlord or a retailer, you are interested in providing visual merchandising…
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Cytonn set to develop mega Kiambu estates
Investment firm Cytonn is set to develop two mega residential estates valued at Sh25 billion. Cytonn in May plans to launch “The Ridge”, a Sh10 billion project which sits on 9.87 acres on the Northern Bypass in Ridgeways. It will comprise 782 housing units, a convenience retail store and other social amenities. The firm also expects to break the ground…
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Relief for Keroche in 10year legal war
Alcohol manufacturer Keroche Breweries has got another relief in the long legal battle with the taxman over a multi-million-shilling tax arrears demand. The decade-old case pitting the Kenya Revenue Authority (KRA) and the brewer over Sh1.1 billion was ruled in favour of Keroche, sending KRA back to the drawing board. A three-bench Court of Appeal sitting upheld that KRA abused…
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Barclays Africa to list NewGold ETF in Kenya
Nairobi — Barclays Africa Group is preparing to list its NewGold exchange-traded fund (ETF) on the Nairobi Securities Exchange after receiving regulatory approval to begin trading the securities. “We expect the listing to take place early this year,” Michael Mgwaba, head of exchange-traded products at Barclays Africa’s Absa Capital unit, said. Kenya’s Capital Markets Authority approved the listing last week.…
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Sage launches $1m fund to inspire African innovation
The Sage Foundation recently launched a $1m enterprise fund open to non-profits in Africa with enterprising ideas to help improve the lives of military veterans, young people or women and girls. The funds will be split between two rounds of $500,000, with the second round ready for release in July 2017. Applications for the first round are open until 5…
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Shopping centre industry lobby group launched
Shopping mall owners, managers and tenants have launched an association to advocate for their interests and concerns to grow the retail sector. The Shopping Centers Association of Kenya,launched last week, was set up for networking, education, research and constructive engagement amongst all stakeholders in the shopping centre industry, including owners, tenants and service providers. “It took over three years to…
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More trouble as Uchumi loses key suit in fight for survival
Uchumi Supermarkets’ fight for survival suffered a blow on Friday after a Nairobi court directed that the old Company’s Act could be used in an ongoing suit filed by its creditors. The retailer lost the first round of a legal battle where it was seeking to have an insolvency case filed by suppliers heard and determined under the newly enacted…
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French retail giant Carrefour opens first store in Kenya
[vc_row][vc_column width=”2/3″][vc_column_text] IN SUMMARY “The supermarket space has been dominated by local indigenous players with some small exceptions. The arrival of Groupe Carrefour signals that this cosy market is set to come under pressure. Carrefour is surely targeting the top slice spend and in that regard I think they will be well received,” said the Rich Management CEO Aly Khan…
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