Massmart Looking to Invest in Kenya

Massmart Looking to Invest in Kenya

From Independent Online

Massmart Holdings, South Africa’s biggest food and household-goods wholesaler, said it has met “several important players” in Kenya’s retail industry as the unit of Wal-Mart Stores Inc. seeks expansion abroad.

“Massmart’s interest in investing in Kenya is well known,” chief executive Grant Pattison said in an e-mailed response to questions.

“We don’t however, comment on acquisitions, potential, speculative or otherwise.”

Read more at iol.co.za