Shoprite Prepares Kenya Entry to Fill Gaps Left by Nakumatt
- Africa’s biggest food retailer in talks with property owners
- Nakumatt has had to close stores amid mounting unpaid debts
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Shoprite Holdings Ltd. is in talks to open its first stores in Kenya by filling retail space left empty by the struggling Nakumatt Holdings Ltd. chain.
“We are currently in talks with some of the property owners, but nothing has been signed,” Shoprite director Gerhard Fritz said in an emailed response to questions. Africa’s biggest food retailer is awaiting the outcome of merger talks between Nakumatt and local rival Tusker Mattresses Ltd. before deciding whether to proceed, he said.