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Nakumatt Eyes Expansion To South Africa
beiyangu
#1 Posted : Tuesday, December 20, 2011 10:02:37 AM
Rank: New-farer


Joined: 7/11/2011
Posts: 50


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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Compare Supermarket Prices in Kenya | BeiYangu
www.eastafricanized.com
#2 Posted : Tuesday, December 20, 2011 12:45:05 PM
Rank: Member


Joined: 2/27/2010
Posts: 109
Location: NAIROBI
I hope they will not suffer what south african firms go through when they try to invest in kenya
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