Nakumatt has resolved to buy woolmat in a bid to regain its foothold in the CBD after last year's tragic fire at Nakumatt Downtown.it would be interesting to see how the retail biz war would unfold considering that Uchumi hs refused to exit the scene with talks of a strategic investor underway.

@Gordon,its an acquisition for petes sake! Im sure uve heard of one,like what Tesco unsuccesfully tried to do with Uchumi awhile ago. Thus the woolmatt chains would be rebranded to Nakumatt & FYI woolmatt also doesnt own any building. Ive been privy to part of the transaction/negotiations,so dont worry about the source's auntheticity.

I thot Nakumatt was thinking of taking over one of the cinemas on Latema Road (embassy or the other one)... Or even cameo cinema...

@QD - kwani... u expect them to set up on the street? Nakumatt has to secure (not necessarily buy but lease) space that meets their needs...

St.Ellis House? I thought that was Mitchell Cotts... or has the name changed? @zakumi - I disagree (latema vs city hall)... coz Latema Rd hosts matatus to many parts of the country as well as Lavington, Kile, Westie, Parklands, etc... A lot of matatus that ply central are located in the latema rd area... and there is Akamba as well... not too far away On Accra Rd we have all those 'coast' buses...