Tana Africa, KITEA Group acquire majority stake in Furniture Palace

KENYA – Tana Africa Capital, an Africa-focused investment company, and KITEA Group, a furniture retailer in Morocco, have acquired a majority stake in Furniture Palace, a furniture retailer in Kenya. Founded in 2002, Furniture Palace currently operates in Nairobi, Mombasa, and Eldoret across nine showrooms and plans to expand its store network over the coming years. Furniture Palace provides a…

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