Kenya’s retail sector has continued to witness rapid expansion activities by various retailers owing to their efforts to compete for market dominance.
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Kapu plans to open up access to its services across Nairobi by March 2023.
Inflation remains significantly high in the economy, hitting 9.6% in October 2022, primarily driven by prices of food and non-alcoholic beverages.
Carrefour opened its first outlet in Kenya in 2016.
The index, which tracks the movement in the top 5% of residential prices across 45 global cities, recorded average annual growth of 7.5% in Q3 2022, down from a peak of 10% in Q1 2022.
• Mi Vida is targeting the affordable market segment in Riruta and homebuyers for Amaiya, Garden City