Retail chain, Carrefour, sales hit KSh18.7 billion from its Kenyan outlets for the period ended December 2019, signifying a 28% increase from KSh14.6 billion recorded in 2018.
In its annual financial report, the retail chain’s local assets as of December 2019 hit KSh7.2 billion, up from KSh4.3 billion in December 2018.
Additionally, the chain announced expansion plans to new markets in Central Asia and Africa, with its first target in Uzbekistan.
Carrefour launched in Kenya in 2016 and has been undergoing a rapid expansion in a bid to replace once-upon-a-time giants, Uchumi and Nakumatt. Currently, it has seven branches in the country.
It operates over 250 hypermarkets, supermarkets, and online stores in 15 countries across the region, with plans to extend into 38 countries in the Middle East, Central Asia, Africa, and Russia.
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