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 *

Follow Us

Related Articles
Citing Safety, Air Tanzania Is Banned Within the European Union
BUSINESSNEWS

Citing Safety, Air Tanzania Is Banned Within the European Union

The European Commission has barred Air Tanzania from flying to or within...

FanisiTech Beverage Awards
BUSINESS

FanisiTech Ranked Top Beverage Sales Automation Company

FanisiTech Limited has been recognised as the First Runners-Up in the "Most...

Kakamega High Court
BUSINESS

High Court Issues Fresh Orders on Truck in Tax Evasion Case

The High Court sitting in Kakamega on 11th December reversed an order...

Flutterwave awards and recognitions
BUSINESSTECHNOLOGY

Payments Technology Firm Flutterwave Listed in ‘Brands That Matter’

Flutterwave, Africa’s leading payment technology company, has been included in Fast Company’s...