Property fund Ilam Fahari I-Reit has issued a profit warning for the year ended December, alerting investors of a potential cut in cash distribution in the review period.
Supermarket chain Naivas will open two branches at Nairobi’s Greenspan Mall and Imara Shopping Mall in the next two weeks as it steps up its expansion in the country.
Tuskys supermarket has prevented rival Naivas from replacing it at Donholm Greenspan Mall after the cash-strapped retailer declined to surrender the premises.