Nakumatt Holdings will next year extend its wings to West and South Africa as part of its strategic plan to grow beyond the East African region.
The retail-chain’s managing director Mr Atul Shah said the company has started feasibility studies to venture into new horizons in Nigeria, Gambia, Zimbabwe, Botswana and Malawi.
“Our next landing will be in West and South Africa where we want to conquer and create more wealth not only for Kenya but for Africa as a whole,” said Mr Shah while opening Nakumatt’s newest store in Nakuru.
The chain, which targets middle and upper income customers, has a total of 36 branches in Kenya, Uganda, Tanzania and Rwanda, and hopes to open outlets in South Sudan and Burundi by the end of next year.
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