Carrefour Kenya grew its revenues by 167 million United Arab Emirates Dirham (AED) or Sh5.89 billion last year revealing the impact of the retailer’s growing footprint in East Africa’s biggest economy.
Disclosures by Majid Al Futtaim, the Dubai-based operator of the retailer shows that Carrefour Kenya made revenues of AED 1.386 billion (Sh48.84 billion) in the period under review compared to AED 1.219 billion (Sh42.95 billion) in 2024.
The revenue growth highlights Carrefour Kenya’s deepening market share locally at the back of increased footprint as the retailer intensifies competition on Naivas and Quickmart.
Carrefour Kenya opened eight new outlets in Kenya last year bringing its footprint to 34, as it races to tap into a customer base left open following the collapse of Nakumatt Holdings, Uchumi Supermarkets, Tuskys and Mulleys Supermarkets.
“For 2025, the Group recorded revenue of AED 35,859 million, representing a six percent increase from the prior year,” Majid Al Futtaim says in its latest financial performance.
“Throughout 2025, the Group delivered resilient performance underpinned by the strength of its diversified portfolio and disciplined execution across the business.”
Majid Al Futtaim operates Carrefour branches in 14 countries including Kenya and made revenues of AED 33.93 billion in revenues across these markets in 2024.
Carrefour’s other outlets in Africa that are operated by Majid Al Futtaim are in Egypt and Uganda. It made revenues of AED 2.39 billion and AED 150 million in the two countries respectively last year.
Kenya accounts for 3.87 percent of Majid Al Futtaim’s total revenues in the 14 economies making it the fifth biggest market behind United Arab Emirates, Saudi Arabia, Qatar and Egypt.
Carrefour entered Kenya in 2016 to take on Naivas and Quickmart as the three battle for control of a vast market left open after the collapse of Nakumatt, Uchumi, Tuskys and Mulleys.
Quickmart, Naivas and Carrefour are caught up in a vicious fight for Kenya’s middle class with the three opening outlets across Nairobi and satellite towns and malls along major highways.
Naivas remains the biggest-retailer in Kenya based on footprint with over 110 outlets across the country while Quickmart has over 70.
The three retailers are banking on the middle class’ growing preference to buy food and home appliances from supermarkets.
Disclosures show the value of Carrefour Kenya’s assets rose to AED 411 million (Sh14.48 billion) last year from AED 388 million (Sh13.67 billion) in 2024 at the back of its increased investments in Kenya. The retailer recently disclosed it has spent an estimated Sh239 billion with local suppliers in its decade-long stay in Kenya.
Carrefour is seeking to succeed in a market where other foreign-owned retailers, notably Choppies of Botswana and Shoprite of South Africa failed. The two exited Kenya in 2020.
