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Alarm as more firms fall to 'Kenyan market curse'

Manager Eric Kinoti Mbaabu with staff during the opening of a Builders' outlet at Waterfront Mall in Karen in August 2020. [Wilberforce Okwiri, Standard]

South African construction material retailer Builders recently announced it could shut its doors for good and exit the Kenyan market two and half years after it set foot in Kenya.

The firm, which is owned by South African retailer Massmart Holdings, revealed two weeks ago it had initiated the process required for the potential closure in a blow to its local staff and suppliers who now face job and business losses.

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