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Naivas takes over Nakumatt space in Kisumu with 65th supermarket

The Naivas Supermarket logo is pictured at its food market at Mountain View Mall along Wayaki Way in Nairobi on March 20, 2020.
 

Photo credit: File | Nation Media Group

What you need to know:

  • Naivas, one of the largest retailers in the country, took over the space that collapsed retail giant Nakumatt occupied, having closed shop under the weight of debt.
  • Naivas Chief Commercial Officer Willy Kimani said the move followed the success of its initial branch that was set up in 2014.
  • The retailer has embarked on a massive expansion of its branch network following the sale of a 30 per cent stake to France-based private equity fund Amethis Finance for Sh1.5 billion.

The Naivas Supermarket chain has opened its 65th store in Kisumu County as it seeks to enhance its presence in the lakeside city.

Naivas, one of the largest retailers in the country, took over the space that collapsed retail giant Nakumatt occupied, having closed shop under the weight of debt.