BUSINESS

Naivas Takes Over Former Tuskys Nakuru Space for 71st Store

Share
A cake is cut to celebrate the opening of Naivas' 71st store. The store in Nakuru represents a dream come true for the supermarket chain which started with a small store in Rongai, on the outskirts of Nakuru.
A cake is cut to celebrate the opening of Naivas' 71st store. The store in Nakuru represents a dream come true for the supermarket chain which started with a small store in Rongai, on the outskirts of Nakuru.
Share

Naivas has opened it’s fourth store in Nakuru, taking over a space previously occupied by beleagured supermarket chain Tuskys.

It will be Naivas’ 71st store in the country and is located along Kenyatta Avenue. Many of the country’s biggest supermarket chains including Naivas, Tuskys and the collapsed Nakumatt, notably all started out as family owned stores in Nakuru.

Naivas’ chief commercial officer Willy Kimani stated that the founder, Peter Mukuha Kago, would have loved to have a store in the heart of Nakuru but never managed to do so.

The new store will primarily stock fast-moving consumer goods (FCMG) as well as electronics.

“I am happy his wishes have been fulfilled today. The outlet will be stocked with a variety of quality products to choose from, ranging from fresh produce, branded food, general household items, electronics among many others,” he noted.

Naivas Chief Commercial Officer Willy Kimani hinted at further expansion into the South Rift region.
Naivas Chief Commercial Officer Willy Kimani hinted at further expansion into the South Rift region.

Kimani further disclosed that the firm was eyeing further expansion into the South Rift region as part of its growth strategy.

READ>>>>>Uber Faces Off With Home-Grown Apps After Launching in Nakuru

He alluded to the firm’s history which can be traced back to a small store in Rongai on the outskirts of Nakuru, opened by Kago in the early 1990’s.

“Naivas started in Nakuru and we are back to make our presence felt in the South Rift region. We intend to maintain growth plans this year with a strategic focus on underserved and high-value urban locations.

“Despite the impact of Covid-19 on business and the economy, we remain resilient in our expansion strategy,” he stated.

The firm has opened several branches over the past year, boosted by Ksh6 billion raised from the sale of 30% stake to a group of investors including PE firm Amethis and the International Finance Corporation (IFC).

READ>>>>>Naivas Receives Sh6bn From 30% Stake Sale

 

Written by
MARTIN SIELE -

Martin K.N Siele is the Content Lead at Business Today. He is also a Quartz contributor and a 2021 Baraza Media Lab-Fringe Graph Data Storytelling Fellow. Passionate about digital media, sports and entertainment, Siele also founded Loud.co.ke

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

PAST ARTICLES AND INSIGHTS

Related Articles
Former WPP-Scangroup CEO Bharat Thakrar
FEATURED STORY

WPP ScanGroup Joins List of Firms that Have Issued Profit Alert

WPP ScanGroup, listed at the Nairobi Securities Exchange(NSE), has joined a list...

Sidian Bank branch launch
FEATURED STORY

Sidian Bank Upgraded to Medium-Size Status by CBK: Facts and Figures

Sidian Bank, a 50-branch lender closely associated with the late tycoon Chris...

Diageo exit was apparent even as EABL is building its war chest with a KSh 20 bn Cash Call
FEATURED STORY

 Diageo UK Plc Finally Exits East Africa’s Beer Market

Diageo Plc UK, a global brewing giant has sold its entire stake...

Sacco loans are popular with land , home buyers
FEATURED STORY

SACCO Loans for Land and House Purchases fall to KSh32.7Bn In September

SACCOs (Savings and Credit Cooperative Societies disbursed loans to members seeking to...