Nakumatt optimistic about Coastal growth
01 December 2014, 13:01
Mombasa - Nakumatt Holdings have expressed optimism about the economic prospects in the Coastal region as they opened their 52nd branch in Bamburi.
According to Nakumatt Holdings Managing Director Atul Shah, the firm is confident of the swift economic recovery along the Kenyan coast and is therefore proceeding to maintain its investment plans in the region.
Beyond tourism, Shah confirmed in a press statement that Nakumatt is banking on the region’s emerging position as an agricultural and real estate investment destination.
Speaking at the official opening of the new Nakumatt Bamburi Supermarket, which is worth KES 190 million, Shah advised private sector investors not to shy away from investing in the region.
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He noted that Nakumatt remains unfazed by what he described as “passing cloud” challenges as it maintains a long-term view of the economic prospects in the coast.
“The prospects of economic recovery in the Kenyan coastal region are very bright for any investor who is seeking to play a development partner role with all Mombasa, Kilifi, Kwale and other neighbouring counties,” Shah said.
“As Nakumatt opens its 52nd branch here in Mombasa, we are effectively confirming that we shall continue joining hands with the people of Mombasa to fuel development in this region,” he added.
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