Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


MyNews24 is a user-generated section of News24 Kenya. The stories here come from users.

Latest Badges:

View all Manasseh's badges.

Nakumatt optimistic about Coastal growth

01 December 2014, 13:01 Joseph Njung'eh

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.

Read Also: World Bank pledges $1.2 bln for infrastructure projects in East Africa

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.

For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page!

- MyNews24

Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.

Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Submitted by
Wilson Ochieng
Apologise for attack on Auditor G...

Apologise for attack on Auditor General, President Uhuru Kenyatta is told by Kisumu Senator Anyang Nyong'o. Read more...

Submitted by
Wilson Ochieng
Quit if you can't fight corruptio...

An MP has told President Uhuru Kenyatta to quit office if he cannot fight corruption. Read more...

Submitted by
Wilson Ochieng
Investigate Uhuru, Ruto for corru...

Investigate President Uhuru Kenyatta and DP William Ruto's offices over corruption, CORD leader Raila Odinga has said. Read more...

Submitted by
Victor Tinto
Its a 1 horse race to State House...

Its a 1 horse race to State House, DP William Ruto has mocked the CORD Coalition. Read more...

Submitted by
Victor Tinto
Enjoy your time left in power, We...

CORD Co Principal Moses Wetangu'la has told the Jubilee Coalition to enjoy its last few months in power before it is voted out in the 2017 elections. Read more...

Submitted by
Victor Tinto
Stop hiding in State House and sa...

ODM MP's have called on President Uhuru Kenyatta to release drought aid and to stop sitting on public funds. Read more...