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The impact of COVID-19 on Kenya’s retail industry

Africa’s biggest supermarket chain, Shoprite Holdings recently announced it is closing one of its branches in Kenya and laying off over 100 workers due to a reduction of shoppers. Elsewhere, the International Finance Corporation is set to acquire a minority stake in retail chain Naivas International Limited for $15 million. For more updates in Kenya’s retail market and how it’s coping with the pandemic, CNBC Africa spoke to Ken Gichinga, Chief Economist at Mentoria Economics.


Wed Apr 22 2020 | 10:07:45 GMT+0000 (Coordinated Universal Time)

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