FEATURED STORY

Carrefour to replace Nakumatt at Junction Mall

Share
Share

Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, has announced plans to open its fourth Carrefour hypermarket in Kenya, after taking up the anchor tenancy at the Junction Mall on Ngong Road.

The new hypermarket will be opened in January 2018 and will initially operate a section of the total selling partial area, offering a selected product range, while major refurbishment work is progressed in the eventual 5,000 square metre selling area. It will serve those living in the numerous residential areas along Ngong Road, as well as residents in Lavington and the greater Kilimani Area.

Franck Moreau, Country Manager, at Majid Al Futtaim – Retail Kenya said: “We are excited to mark yet another milestone in our ambitious growth and expansion plan. The Junction is a highly strategic location for Carrefour Kenya, and is significant in our ongoing quest to serve a growing urban population yearning for a wide range of high quality products at great value prices, and backed up by excellent customer service.”

“We have adopted an approach at our Junction Mall store similar to the one we took earlier this month when we opened our Thika Road store. Short-term, we will open with a selected range of the most popular day-to-day products and eventually increase this to a full range of more than 30,000 items, including a wider selection of fresh produce, and an onsite fresh bakery and butchery, when we start full operations later in 2018,” Moreau said.

READ: First Lady pledges to eradicate new HIV infections

Majid Al Futtaim currently operates over 210 Carrefour stores across 15 markets and continues seeking opportunities to open stores in Kenya and the rest of the greater East African region. The Junction store will boost staff employment count at Carrefour in Kenya to 1100, all within two years of operation in the country, a majority being Kenyan nationals.

Commenting on the economic impact, Moreau added that each new Carrefour store opened in Kenya will give an opportunity for more than 640 Kenyan suppliers, manufacturers, producers and farmers to sell their products to customers in some of the country’s most desirable locations.

The new Carrefour store will replace the Nakumatt Junction Mall, whose owners were evicted over a rent dispute.

Written by
BUSINESS TODAY -

editor [at] businesstoday.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
Governor of the Central Bank of Kenya , Dr Kamau Thugge
BUSINESSECONOMYFEATURED STORYMARKETSNEWS

Central Bank of Kenya Cuts Benchmark Rate to 8.75%

Central Bank of Kenya(CBK) top policy organ, the Monetary Policy Committee(MPC) has...

President William Ruto signs visitors book, seen by NSE Chairman Kiprono Kittony(l) Dr Chris Kipto PS Treasury and a top NSE official
BUSINESSFEATURED STORYNEWSSMART BUSINESSSTOCKS

Ziidi Trader App launched at NSE by President William Ruto

Ziidi Trader, a mobile App run by Safaricom has been officially launched...

Nairobi Coffee Exchange
BUSINESSMARKETS

Nairobi Coffee Exchange Moves 46,984 bags Worth KSh 2.6Bn

Nairobi Coffee Exchange(NCE) at last week’s auction recorded sales of 46,984 bags...

A customer in Nairobi tops up on clean fuel at a KOKO Fuel ATM 1024x576
BUSINESSFEATURED STORYTECHNOLOGY

KOKO Fuel Vendors, Users Stranded as Government Pulls Plug

KOKO Fuel Vendors are staring at losses, empty shelves and huge cost...