Sharp Daily
No Result
View All Result
Saturday, July 19, 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

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
News

Co-op Bank posts KES 6.9 billion profit in Q1’2025

May 16, 2025

LATEST STORIES

Invest in stability: introducing the Cytonn USD money market fund

July 18, 2025

The Importance of Asset Diversification on Kenyan Pension Funds

July 18, 2025

Park your money where it grows: Why more Kenyans are turning to Cytonn Money Market Fund

July 16, 2025

Strategies to boost alcohol and tobacco tax revenues

July 16, 2025

Kenya’s reactive monetary policy

July 16, 2025

Why Employers Should Prioritize Pensions Over One-Time Gratuity Payments

July 10, 2025
Business and Finance Concept - Coin, Currency, Financial Item, Graph,

Opinion: Why lower taxes may be Kenya’s only escape route

July 10, 2025

Nvidia becomes the first company globally to hit USD 4.0 trillion market value

July 10, 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