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New era for Kenyan retailers as private investors pump in funds for expansion

Gilani's Supermarket in Nakuru town. [Kipsang Joseph, Standard]

The owners of the Nakuru-based Gilani's Supermarket are set to loosen their grip on the homegrown retailer after selling a controlling stake to a private equity fund.

The Competition Authority of Kenya (CAK) announced the sale deal on Friday, marking a new era for the 48-year-old family-owned supermarket.

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