Wednesday, December 18, 2024

When traders at Two Rivers earned Sh. 1 billion in seven days

Two Rivers Businesses

Two Rivers Businesses: Traders located at the Two Rivers Mall struck sales worth Sh.  billion in seven days in July 2021. These sales were made during the Somali cultural festival which was held between July 19 and July 25, 2021. This event was held to coincide with the Eid Ul Adha holiday which took place on July 20. The festival attracted 247, 104 attendees during the one week period, with each spending on average Sh. 4,200.

“Through that July week we were able to realize transactions of above Sh. 1 billion across permanent retail tenants and vendors selected for this particular festival…which had over 100 vendors in the fair,” said Shurea Nkutu, an accounts manager at Two Rivers Lifestyle Centre.

Following the success of this event, the organizing committee has now moved on with plans to launch similar events in different major towns in Kenya. These events will be coinciding with the major Islamic holidays.

Co-Op center

At the same time, Centum Investments is also planning to set up a small traders market to attract customers and give vendors a new avenue to sell their goods.

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“We have been in discussions where we will be able to establish a souq (street market) within Two Rivers so that we can create a platform or avenue for traders to sell and customers to access products affordably,” said Centum chief executive officer James Mworia. Centum is associated with the late industrialist billionaire Chris Kirubi, who was the single largest individual owner in the firm.

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