Massmart says in advanced talks to enter Kenya
JOHANNESBURG – South African retailer Massmart is in talks to enter Kenya, a senior executive said yesterday, the latest step by the unit of Wal-Mart Stores to expand its presence in Africa.
“We are in advanced discussions to open a Game store in Nairobi,” Brian Leroni, a Massmart executive for corporate affairs told Reuters, without giving timelines.
Massmart currently has about 36 stores outside of South Africa, including Namibia, many of those its Game discount retail stores.
Massmart has so far been slow in its African expansion, a year after Wal-Mart, the world’s largest retailer, took a 51 per cent stake in the South African retailer.