INTERVIEW: 2018 a year of mixed fortunes for Kenya's retailers
219 views · Published 26 December 2018 · 4:02 · Indexed 20 October 2026
Channel: CGTN Africa · 2018 · News & Politics
Kenya's wholesale & retail sector grew at 7.7% in the second quarter of 2018, hitting levels of growth last seen in 4 years ago, when the sector was still deep in a slump. 2018's first half continues the recovery for a retail sector whose growth rates were in constant decline between 2010 and 2016, but there are challenges ahead. 2 years have passed since Kenyan legislators imposed rate caps that have strangled lending to the private sector, but for some large retailers, that's not stopped them from expanding. Earlier, I spoke to the COO of Naivas, Willy Kimani, as he pointed out, the retail chain has learned to expand, debt free. Subscribe to us on YouTube: http://ow.ly/Zvqj30aIsgY Follow us on: Facebook: https://www.facebook.com/cgtnafrica/ Twitter: https://twitter.com/cgtnafrica
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