Shoppers queue at the entrance of Naivas supermarket along Kenyatta Avenue, Nairobi. [Elvis Ogina, Standard]Kenya’s seemingly thriving retail sector has finally shown its true colours as a treacherous road to riches. Read MoreDespite the retailers’ crash due to unsustainable debts that sent shock waves through the sector, to Naivas, it was a lesson on what not to do. Peter Kahi, a partner at PKF Consulting firm and insolvency practitioner, has previously faulted the expansions in the retail sector, saying they mostly lead to accumulation of debt. To Kimani, the short and medium-term goal for Naivas is to be a market leader with sights on regional markets.

Source: Standard Digital December 27, 2020 21:03 UTC