Carrefour reveals Sh239bn payments to local suppliers
Nairobi, May 25 -- Supermarket chain Carrefour has splurged Sh239 billion on locally made goods in 10 years of operations and invested close to Sh15 billion to grow its footprint in Kenya, amid a stiff fight with rivals for the local market.
The retailer said that the money has been paid to its over 690 local suppliers, including farmers, manufacturers and small and medium enterprises, adding that this has created more than 3,000 direct jobs.
The local Carrefour franchise, which is operated by the Dubai-based Majid Al Futtaim, entered Kenya in 2016 and is racing against Quickmart and Naivas for a share of the local market that was left wide-open following the collapse of Nakumatt Holdings, Tuskys and Uchumi.
The three are battling for ...
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