Nakumatt sets foot in Tanzania
12 December 2011, 10:43
Tanzania - Supermarket retailer, Nakumatt Holdings, opened their Moshi stroe officially on 10th December 2011) morning.
The opening of the US$ 1.3million Nakumatt Moshi supermarket at the foot of Mt. Kilimanjaro makes Nakumatt’s branch tally to 35 branches across Tanzania, Rwanda, Kenya and Uganda.
Speaking ahead of the opening of the new store, Nakumatt Holdings Managing Director 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.
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 alaam 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.
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