Nakumatt Holdings yesterday opened a $1.2million (Sh122.42 million) store in Kampala, Uganda which it said was part of a regional expansion drive.
According to the retailer, the store brings its branches to 55, which include nine branches in Uganda, four in Tanzania, two in Rwanda and 40 in Kenya. Managing director Atul Shah said the ambition is to close the year with a
total of 60 branches in the four countries.
“At Nakumatt, we are actively committed to our corporate mission, which
is geared at boosting formal retail penetration in East Africa,” he said.
He said the store is located at Metroplex Shopping Mall and covers a 35,000 square feet shopping floor area.
“Nakumatt Naalya has been suitably furnished and stocked with a wide variety of retail products. The store, also features a distinct retail layout and ambiance developed to guarantee a pleasurable shopping experience,” he said.