Sharp Daily
No Result
View All Result
Wednesday, August 13, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

China Square to open second store at Waterfront Karen

Brian Murimi by Brian Murimi
October 25, 2023
in News
Reading Time: 2 mins read

China Square, a popular Chinese-owned retailer selling affordable home goods has announced plans to open its second store in Kenya.

The new location will be at Waterfront Karen, an upscale shopping center in Nairobi.

The company revealed the expansion in a recent Facebook post, saying “Exciting times ahead! The countdown for the Waterfront branch opening has begun.”

China Square entered the Kenyan market by opening a large 12,000-square-meter store at Unicity Mall along Thika Road in Nairobi.

RELATEDPOSTS

Govt allocates KES 600 million for Gachagua’s home renovation

February 21, 2024
China square

China Square Resumes Operations

March 6, 2023

Occupying substantial retail space, the store offered a wide selection of over 15,000 competitively priced items for home furnishings, including kitchenware, hardware, decor, furniture, appliances, toys, stationery and party supplies.

The Unicity Mall location quickly became a popular shopping destination for locals seeking quality home goods at low costs compared to other Kenyan retailers. However, just one month after opening, China Square faced backlash from rival traders who complained about its rock-bottom pricing.

In response, Kenyan Trade Minister Moses Kuria stated that Chinese investors would be supported as manufacturers in Kenya, not as retailers undercutting local businesses. He announced plans to have the government lease the Unicity Mall space from China Square, evict the company from the premises, and sublet the property to small Kenyan traders. Meanwhile, Kuria offered to assist China Square in launching a manufacturing operation in Kenya and establishing distribution partnerships with Kenyan partners.

The China Square store suddenly shut its doors on February 26, 2023, with the company citing public safety issues from high customer traffic, staffing shortages and the inability to meet shopper expectations. At its peak before closing, the outlet reportedly sold KES 10 million worth of merchandise daily.

The Kenya China Chamber of Commerce condemned Kuria’s proposal to remove China Square from Unicity Mall without consultation as a violation of Kenya’s neutral stance on trade and investment.

The store later reopened to continue with operations.

While an opening date has not been set, the new Waterfront Karen location aims to serve the needs of residents in the affluent neighborhood. The store plans to offer similar products as the now-shuttered Unicity Mall outlet, providing complete home furnishing solutions to enhance customers’ living spaces.

Previous Post

African Development Bank backs new Kigali Aviation Training hub with $23.6 million

Next Post

Kenyan currency’s plunge: A double-edged sword for the economy

Brian Murimi

Brian Murimi

Brian Murimi is a journalist with major interests in covering tech, corporates, startups and business news. When he's not writing, you can find him gaming, watching football or sipping a nice cup of tea. Send tips via bireri@thesharpdaily.com

Related Posts

commercial illustrator
News

Why Kenyan private equity firms should consider continuation funds as an exit strategy

July 23, 2025
Business

Del Monte foods files for bankruptcy in USA

July 3, 2025
News

Private vs Public Pension Funds in Kenya

June 30, 2025
Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025
Economy

Resilient but strained: Kenyan firms speak out in May 2025 CEO survey.

June 19, 2025

LATEST STORIES

Segregated Pension Schemes in Kenya Q2’2025 Performance

August 8, 2025
Asset allocation dividing an investment portfolio among different asset categories.

Building a Retirement Portfolio in Kenya

August 8, 2025

Steps banks can take to align with fair lending practices

August 7, 2025

The hidden cost of outdated economic statistics

August 7, 2025

EABL posts 12.2% profit surge, strengthens regional footprint despite rising illicit trade

August 1, 2025
1049795356

Maximizing Your Pension Contributions

August 1, 2025

The functional role of narrative in financial markets

August 1, 2025

Tanzania’s protectionist shift and what it means for Kenyan entrepreneurs and regional trade

July 31, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024