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Nakumatt to open 14 more branches in two years

12 January 2015, 08:48 Joseph Njung'eh

Nairobi - Nakumatt Holdings will open 14 more branches in the next two years under its expansion program.

Alongside the expansion plans, Nakumatt is also determined to step up efforts to scale up its regional market share through a strategic project geared at enhancing its customer experience.

According to the company’s Regional Strategy and Operations Director, Thiagarajan Ramamurthy, the New Year will see the retailer embarking on a programme to grow its gross revenues to over USD 1 Billion in the medium term.

He said the company will also map out strategies to significantly grow its regional market share with the year 2015 acting as a launch pad.

In a press statement sent to newsrooms, the expansion plans for the 14 new branches are now at an advanced stage.

Currently, Nakumatt has a regional branch network of 52 outlets across Kenya, Uganda, Tanzania and Rwanda.

“We are looking ahead for wholesome growth and we will not be deterred by new entrants into the local market as we are firmly focused on revolutionalising the customer experience and growing our network,” Ramamurthy said.

“Within this project, the pilot refurbishment works at Nakumatt Village Hypermarket are nearing completion and we shall be rolling out similar store upgrade works at all other branches progressively from next year,” he added.

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