TFG has put Kenya on its investment list with three store openings planned during the first quarter of next year. In a first step to establishing a presence in the East African market, the South African retailer will take its TFG, Markham and Sterns brands to the Village Market mall in Nairobi. TFG director Manie Maritz said this week: "TFG sees Kenya as a good investment destination because the retail environment and infrastructure are relatively well developed compared to other East and West African countries. "TFG's investments in Africa are made with a medium- to long-term view. Therefore, our target remains to have around 250 to 300 stores in African countries outside South Africa by 2022." TFG currently also has 184 stores in Namibia, Botswana, Swaziland, Lesotho, Zambia and Ghana. But Maritz said the pace of expansion into Kenya depended on successful trading in the new stores and the availability of appropriate retail space. Although TFG has more than 2200 stores, it has onl...
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