Carrefour sales rise to Sh40b on branch expansion, e-commerce

Carrefour Mega store along Uhuru Highway, Nairobi. [Wilberforce Okwiri, Standard]

Foreign-owned retail chain Carrefour Kenya shrugged off the effects of inflation and tough economic conditions in the country to post growth in sales last year by nearly Sh3 billion to Sh40 billion (1.14 billion Emirati dirham).

Majid Al Futtaim, the exclusive holder of Carrefour's franchise in Kenya, said the revenue had increased from Sh37.2 billion (one billion dirhams) recorded the year before as it opened more branches and attracted more customers to its stores concentrated in Nairobi.