Carrefour Kenya revenue rises to US$378.5M as store network expands
The retailer added eight outlets in 2025 and plans nine more stores by the end of 2026 as competition intensifies across Kenya’s supermarket sector.
KENYA – Carrefour Kenya saw its revenue to AED 167 million (US$378.49M) in 2025 as the retailer expanded its store network and strengthened its presence in the country’s competitive supermarket market.
Disclosures by Dubai-based operator Majid Al Futtaim show that Carrefour Kenya generated AED 1.386 billion in revenue during the year, up from AED 1.219 billion (US$331.93M) in 2024.
The retailer opened eight new outlets in Kenya in 2025, increasing its total store count to 34. The expansion comes as Carrefour competes with local supermarket chains including Naivas and Quickmart for a growing customer base.
The retailer has continued expanding its presence in Kenya following the collapse of major supermarket chains including Nakumatt Holdings, Uchumi Supermarkets, Tuskys and Mulleys Supermarkets.
Majid Al Futtaim operates Carrefour stores across 14 countries, including Kenya, Egypt and Uganda. Carrefour Kenya accounted for 3.87% of the group’s total revenue across the 14 markets in 2025, making Kenya its fifth-largest market after the United Arab Emirates, Saudi Arabia, Qatar and Egypt.
Carrefour operations in Egypt generated AED 2.39 billion (US$650.78M) in revenue during the year, while Uganda contributed AED 150 million.
“For 2025, the Group recorded revenue of AED 35,859 million, representing a six percent increase from the prior year,” Majid Al Futtaim said in its latest financial performance report.
“Throughout 2025, the Group delivered resilient performance underpinned by the strength of its diversified portfolio and disciplined execution across the business,” the group added.
Majid Al Futtaim’s Retail business, however, recorded a challenging first half, with revenue declining 6% year on year. The group attributed the decline mainly to weaker non-food sales and more challenging consumer conditions, particularly in the UAE.
Carrefour Kenya’s assets increased to AED 411 million in 2025 from AED 388 million a year earlier, reflecting increased investment in the Kenyan business.
The retailer has also disclosed that it has spent an estimated Kes 239 billion with local suppliers during its decade-long presence in Kenya.
Carrefour Kenya is planning further expansion, with nine new stores scheduled to open before the end of 2026.
The planned outlets will add to the retailer’s existing network as Majid Al Futtaim continues to expand its Carrefour operations in Kenya and other markets across the region.
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