Keroche Breweries Founder and Chief Executive Officer Tabitha Karanja, the chief guest at the event, said other private firms should follow Deacons in going public. Updated Wed, August 3rd 2016 at 00:00 GMT +3Leading fashion and lifestyle retailer Deacons East Africa yesterday listed its shares on the Nairobi Securities Exchange. “Today’s listing should catalyse other entrepreneurs to scale their businesses and in turn list, giving other stakeholders a chance to share in their success,” said Mrs Karanja. “We have identified Kisumu, Mombasa, Nakuru, Eldoret, Naivasha, Nyeri and Nanyuki as towns with a vibrant middle class that can be served by diverse brands that are offered under the Deacons umbrella as we actively pursue opportunities in Rwanda and Uganda,” said Deacons Chief Executive Officer Muchiri Wahome. Deacons plans to expand in the counties by partnering with entrepreneurs through a franchising model.

Source: Standard Digital August 02, 2016 20:26 UTC