“I can go to Gateway
Mall or Signature Mall or Kitengela Mall. These are exciting
times. I will shop at the weekend and will only go for a mall
where I will get good prices,” she said.
Things are not any
different for auditor Beatrice Ngari, who lives in Komarock,
east of Nairobi, and can shop at Greenspan Mall, Shujaa Mall or
“All these malls are
a short distance from my home.
"I am not even in a hurry to buy
anything because of the many options,” Ngari said.
For residents living
in residential areas off Thika superhighway, they have dozens of
malls to choose from, including Thika Road Mall, Two Rivers Mall
and Garden City Mall.
living in Karen and the neighboring regions have at least five
malls to choose from, namely Galleria, The Hub, Karen
Crossroads, Waterfront and Maasai.
Some of the
Christmas deals the malls and supermarkets are offering include
shoppers winning cars, electronic items and shopping vouchers.
Others have cut prices by up to 30 percent.
Nairobi-based investment firm, attributes the rise in malls to
growth of the middle class, which has increased peoples’
purchasing power as well as broadened tastes and preferences for
different goods and services.
The number of
foreign supermarkets taking space at the malls as anchor tenants
have also surged, another reason that has fanned mall
“The entry of
foreign players has boosted retail space uptake and thus
enhances investor returns,” said Cytonn.
outlets in Kenya include Choppies, Game, Carrefour and ShopRite.
South African retail
giant ShopRite is the latest entrant in the business, taking up
space in three malls in the capital.
Zimbabwe-based, is the largest foreign-owned retailer, having 12
stores and is set to open more across Kenya.
outlets are also offering Christmas bargains to Kenyans,
Henry Wandera, an
economics lecturer in Nairobi, noted that consumers are the
biggest beneficiaries of the high number of malls.
have not only brought services closer to the people, but
competition amongst themselves is handing consumers better
prices this Christmas,” he said.