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Nakumatt Holdings, will today officially open the doors to its latest outlet in the East Africa region, in the Tanzanian town of Moshi.
The opening of the US$ 1.3 million Nakumatt Moshi supermarket at the foot of Mt. Kilimanjaro now pushes Nakumatt’s branch tally to 35 branches across Tanzania, Rwanda, Kenya and Uganda. The opening of Nakumatt Moshi further enhances the firm’s positioning as the leading East Africa retailer.
Speaking ahead of the opening of the new store, Nakumatt Holdings Managing Director Mr. Atul Shah disclosed that the firm is sparing no effort to ensure a full East Africa coverage by opening a branch in Burundi within the next two years ahead of a scheduled pan African expansion bid.
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Beyond East Africa, Nakumatt Holdings has confirmed plans to enter other key markets within the Southern Africa, Western and Horn of Africa regions as part of its next growth phase in the next five years as part of its Nakumatt 2.0 corporate strategy.
Covering a 34,000sq feet shopping floor space, the new Nakumatt Moshi Supermarket is the first branch on Tanzania soil with four other branches currently under consideration in key Tanzania markets such as Dar es salaam and Arusha in coming months.
“Nakumatt Holdings is actively exploring options for a store in Burundi to ensure that we fully cover East Africa before setting off on the Nakumatt 2.0 journey which involves registering a Pan African presence,” Shah said.
Nakumatt is planning to expand its business to other African countries including Burundi, Zambia, South Sudan, DRC, Nigeria, Botswana and Malawi as part of its second growth phase dubbed “Nakumatt 2.0”.
Photo Courtesy of Techmtaa
