Game News

Customers shop for fruits and vegetables inside the Nakumatt supermarket in the Westgate shopping mall, in Kenya's capital Nairobi, July 18, 2015. Credit: Reuters/Thomas Mukoya

Kenya's Nakumatt Supermarkets to merge with local rival Tuskys

Kenya’s Nakumatt Supermarkets will merge with local retailer Tuskys to help alleviate a severe cash flow problem that has left it with empty shelves and led to the closure of some outlets.

Invest in This Walmart of Africa?

Invest in This Walmart of Africa?

The Wall Street Journal recently featured Walmart’s operations in Africa. The article revealed that Walmart had a $2.4 billion stake in South African retailer Massmart going back to 2011.

Kenyan supermarket chain Nakumatt agrees stake sale to fund for $75M

Kenyan supermarket chain Nakumatt agrees stake sale to fund for $75M

Privately-owned Nakumatt, Kenya’s biggest supermarket chain by sales, has agreed to sell a 25 percent stake to a foreign fund for $75 million, part of an effort to bolster its balance sheet and pay off debts, its managing director said last Wednesday.

Buffalo Mall, Naivasha, Kenya

East Africa's second-tier cities hold untapped potential

Retail in Kenya is dominated by informal sellers, but recent years have seen a boom in modern trade, with home-grown supermarket chains expanding their footprint and international brands (such as Carrefour and Massmart’s Game banner) entering the market.

South Africa's $340 million Mall of Africa set to open this month

The largest mall in Africa: South Africa's $340 million Mall of Africa set to open this month

South Africa’s largest shopping center development to date, the $340 million Mall of Africa, will be fully operational in 17 days — on 28 April 2016.

Two Rivers - Kenya

Check out these four mega mall developments soon to be launched in Africa (Photos & Videos)

It’s one of the clearest expressions of the growing middle class in many African countries — a burgeoning demand for shopping malls, each more lavish than the one before.

Kenya's Two Rivers Development will be the largest lifestyle center within Sub-Saharan Africa (ex. South Africa).

Private equity firms backing surge of retail developments in East Africa

East Africa’s shopping landscape is slowly changing with the construction of multi-million dollar centres in prominent cities.

French retailer Carrefour to inaugurate 1st store in Kenya this year

International store chains coveting strong growth prospects in Kenya's retail market

Nakumatt and other local retailers have long served Kenya’s market but now international store chains and private equity investors are also coveting the strong growth prospects in east Africa’s leading economy.

Royal Gardens Mall, Lekki, Lagos, Nigeria

Five private equity funds targeting real estate investments in Nigeria (Photos)

Africa focused Private Equity (PE) has developed impressively over the last two decades, in terms of volume, quality of transactions, and performance.