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
Home Afrika Ltd - Mitini Scapes
BUSINESSNEWSREAL ESTATESTOCKS

Home Afrika Net Profit Up 11.7% to hit KSh 117.89m in 2025

Home Afrika Limited, a Listed Real Estate development company based in Nairobi,...

Heril Bangera Flame Tree
BUSINESSSTOCKS

Flame Tree Group Holdings Issues Profit Drop Alert

Flame Tree Group Holdings, a leading African manufacturer and distributor of plastics,...

HomeBoyz
FEATURED STORY

HOMEBOYZ Entertainment Plc Net Profit Ups 14.3% to KSh 28.96Mn

HOMEBOYZ Entertainment profit after tax rose 14.3% to KSh 28.96m from KSh...

Mr. Johnstone Oltetia Chief Executive Officer and Managing Director
BUSINESSECONOMYNEWSREAL ESTATESTOCKS

Kenya Mortgage Refinance Company Floats KSh3Bn Green Bond

Kenya Mortgage Refinance Company(KMRC), a state-owned mortgage outfit that offers affordable facilities...