(NAIROBI, KENYA) – Carrefour Kenya increased its revenue by KES 5.89 billion ($45.5 million / £35.9 million) in 2025, as the retailer expanded its store network across East Africa’s largest economy.
The growth reflects Carrefour’s widening presence in Kenya, where it is competing more aggressively with Naivas and Quickmart.
Financial disclosures from Majid Al Futtaim, the Dubai-based operator of Carrefour, show that Carrefour Kenya recorded revenue of AED 1.386 billion (KES 48.84 billion / $377.2 million / £297.6 million) in 2025, up from AED 1.219 billion (KES 42.95 billion / $331.7 million / £261.7 million) in 2024.
The increase of AED 167 million (KES 5.89 billion / $45.5 million / £35.9 million) shows the effect of the retailer’s expanding footprint. Carrefour Kenya opened eight new outlets in 2025, raising its total number of stores in the country to 34. The expansion is aimed at capturing customers left without nearby supermarket options after the collapse of Nakumatt Holdings, Uchumi Supermarkets, Tuskys and Mulleys Supermarkets.
Majid Al Futtaim said its group revenue for 2025 reached AED 35,859 million, a 6% increase from the previous year.
“Throughout 2025, the Group delivered resilient performance underpinned by the strength of its diversified portfolio and disciplined execution across the business,” the company said in its latest financial performance report.
Majid Al Futtaim operates Carrefour branches in 14 countries, including Kenya. Across those markets, the group generated AED 33.93 billion in revenue in 2024.
In Africa, Majid Al Futtaim also operates Carrefour outlets in Egypt and Uganda. Revenue in Egypt reached AED 2.39 billion, while Uganda contributed AED 150 million in 2025.
Kenya accounts for 3.87% of Majid Al Futtaim’s total revenue across the 14 economies, making it the fifth-largest market behind the United Arab Emirates, Saudi Arabia, Qatar and Egypt.
Carrefour entered Kenya in 2016 to compete with Naivas and Quickmart. The three retailers are competing for a large share of the market that became available after the closure of Nakumatt, Uchumi, Tuskys and Mulleys.
Quickmart, Naivas and Carrefour are engaged in a strong contest for Kenya’s middle class, with the three retailers opening branches across Nairobi, satellite towns and malls along major highways.
Naivas remains the largest retailer in Kenya by store count, with more than 110 outlets nationwide. Quickmart has more than 70 outlets.
The three retailers are relying on the growing preference among middle-class shoppers to buy food and home appliances from supermarkets.
Disclosures show the value of Carrefour Kenya’s assets rose to AED 411 million (KES 14.48 billion / $111.8 million / £88.3 million) in 2025, up from AED 388 million (KES 13.67 billion / $105.6 million / £83.3 million) in 2024, following increased investment in Kenya.
The retailer recently said it has spent an estimated KES 239 billion ($1.85 billion / £1.46 billion) with local suppliers during its ten years of operation 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. Both exited Kenya in 2020.