Retail in East Africa

  • Kenya’s retail sector on the rise

    KENYA, 2016/07/08 The arrival of new supermarket chains in Kenya highlights the potential of the country’s retail sector, though a congested project pipeline – concentrated largely in Nairobi – could result in a slowdown in retail rentals in the medium term. Nairobi – one of the major markets in sub-Saharan Africa in terms of shopping centre floor space – has seen a number of dedicated retail properties open up in the completed decade, with additional than 390,000 sq metres of gross leasable sector(GLA) by presently available, and a further 470,000 sq metres in the development pipeline.
  • Kenya’s Retail Economy More Formalised Than Nigeria’s, Says Nielsen

    KENYA, 2015/03/05 Kenya is the second most formalised retail economy in Africa next South Africa, a survey carried out by the New York Stock Exchange-listed research company, Nielsen has revealed. The consumer statement focusing on five sub-Saharan Africa economies, which was released on Monday, indicates that 30 % of Kenyans shop in proper retail outlets compared to 60 % in South Africa. The commercial powerhouse of East Africa is ranked ahead of Ghana which has only four % of its people patronising retail shops. It as well tops Cameroon and Nigeria, both of which have two % of shoppers visiting supermarkets.
  • Traders in the main market of Musanze district in Rwanda

    RWANDA, 2014/02/11 Traders in the major market of Musanze district in the Northern Province are relocating to a nearby taxi park to pave way for renovation works that will turn the market into a modern structure worth Rwf6 billion. Raymond Niyonzima, who leads KODUKUMU cooperative which comprises additional than 100 business owners in Musanze, said the co-op has commissioned the market's construction for a three-year period. The new market will have four floors for its front building and three floors in the backside, hosting 1,000 stands for different businesses. "Its construction will kick off in March. We have discussed with district officials and business owners in the old market and we agreed they will have relocated by February 20," Niyonzima said.