Walmart says its difficult to enter Kenya’s market
Giant US supermarket Walmart is having difficulties entering the Nairobi market. Competition for a slice of Kenyan retail “is so fierce that Walmart is already locked out of Nairobi’s next two big mall developments,” the Hub and Two RiversLifestyle Centre, a report in UK-based Financial Timeshas said. “We should have been here a while ago but we just couldn’t get the deal right — unfortunately it’s taken us too long,” says Mr Mark Turner, marketing director at Massmart, the South African group in which Walmart bought a controlling stake in 2011. Walmart, through its Game franchise has an outlet in…
Walmart debuts in Kenya through Massmart’s chain Game
Even as Walmart raced to open its first store in Kenya, there were snags. The retailer was forced to import https://www.jambonewspot.com/files/category/business/page/the trademark bright magenta ink that adorns its brash price offers and doorway décor because nobody in the country could produce it. it was one of several obstacles the world’s largest retailer has run into in kenya. the us retail giant has spent the past few years trying — and failing — to crack the east african hub, whose growth is fuelled by aspirational consumption. walmart’s move into kenya highlights the sea change in the continent, as a nascent consumer…
[VIDEO] Why the Kenyan currency is tanking
The Kenyan shilling is sliding fast. Erin Gibbs of S&P Capital IQ and Larry McDonald of Societe Generale discuss with Brian Sullivan. This week, the CBK held an emergency meeting to save the shilling from further slide
Ruaka growing fast, thanks to Northern Bypass
Four years ago, Ruaka Town in Kiambu County consisted of a few shops and simple residential flats. However, the area has undergone a radical transformation in the past few years, thanks to the construction of the Northern Bypass. The construction of the bypass opened up the area and saw investors rushing in to build homes, which are highly regarded for their attractive returns. Mr Peter Njuthi Karomo, who has lived in Ruaka all his life, says that as soon as the construction of the bypass began, developers started buying plots in the area and turned them into concrete jungles. But thanks to…
Facebook looking at North Fort Worth for huge data center
A project worth nearly $1 billion that’s in the works for North Fort Worth hopes to lure social media giant Facebook to Texas. Fort Worth has already approved financial incentives for the 110-acre data center project planned near Interstate 35W in the AllianceTexas development. Plans filed with the city call for a four-building complex at the northeast corner of Alliance Gateway and Park Vista Boulevard, east of Alliance Airport. Developers of the project and Fort Worth have closely guarded who will use the 750,000-square-foot data center, which would be one of North Texas’ largest such projects. But documents filed with…
Lunch Buffet at Shark Grill on Sunday May 24, 2015 from 11am
This Sunday at Shark Grill, we will be having a lunch buffet prepared by FoodsbyRicky Kitchen. We will open at 11am serving Nyama Choma, Beef and Goat, Goat Curry, Fried Lamb, Samosas. Kenyan Sausages, chapati, Mukimo, goat soup and more. Shark Grill is located at 6121 W Park Blvd Plano at the Willow Bend Mall food court . You can visit us at WWW.SHARKBARDALLAS.COM
