The home improvement and building material products and services retailer Builders Kenya is set to exit the Kenyan market in May.
The South African retailer announced that it will close its shop in late May amid a mass exodus of the Southern African companies in the country.
As a result, the firm’s store at the Waterfront Karen in Nairobi sells products at discounts as clients rush to get cheap products.
Due to severe economic difficulties, SA businesses have struggled to establish themselves in the nation during the past few years.
The SA retailer Massmart, which owns Games Stores, closed its Kenyan locations in December only a year ago in October, leaving hundreds of people without work.
The Johannesburg Stock Exchange-listed firm claims in a written notice to the Kenya Union of Commercial Food and Allied Workers ("the Union") that it has informed all its associates and employees of the planned closure.
The labour officer also received a copy of the notice.
Due to this, the company terminated the employee for one month by section 40 of the Employment Act.
Likewise, in 2020, retailer Shoprite announced that it was exiting the Kenyan market barely two years after entering the country.
Then, the firm said it was leaving the country due to reduced shopper flow.