Nakumatt enters Busia, Bungoma towns

Nakumatt Holdings has opened two new branches in Busia and Bungoma towns, pushing its total branch count to 57 stores across East Africa.

 
The opening of Nakumatt Bungoma and Nakumatt Busia Supermarkets, is part of the firm’s ongoing programme geared at enhancing its national market presence in the Western region
Currently, the retail outlet has a branch presence in 15 counties in Kenya alongside its Uganda, Rwanda, and Tanzania presence.

 
Speaking, at the opening of the two branches, Nakumatt Holdings Regional Operations and Strategy Director, Thiagarajan Ramamurthy, disclosed that the firm, has invested more than Sh 200million for the two branches.
“At Nakumatt, we have seen the impact of devolution in Kenya and such branch openings are expressly geared at complementing the ongoing county development agenda,” Ramamuthy said, adding, “Retail, acts as a barometer of economic growth and our presence in these markets, will further help to raise the formal retail penetration in Kenya.”

 
The opening of the two new branches follows the recent buyout of Yako Supermarkets.

 
Nakumatt Holdings acquired Yako Supermarkets Ltd based in Kakamega, Bungoma and Busia, at an undisclosed figure, setting the stage for its enhanced expansion in Western Kenya.

 
The acquisition, has allowed, Nakumatt, to make a fresh entry to Busia and Bungoma, towns, and will also be establishing its second store in Kakamega town in coming weeks.

 
Alongside the acquisition, Nakumatt, is now all set to close its trading year (ending February 2015) on a 60branch strong position, up from the current 57 branch status. Plans, for the opening of new Nakumatt stores before the end of the trading year, in Kericho, Emali, Kampala and Kigali, are already in high gear.

 
As part of a strategy to double its local and regional market share, Nakumatt, has been undertaking a number of customer experience enhancing projects.

 
Currently enjoying a less than 25 percent market share of the formal retail space, Nakumatt Holdings, is actively seeking to retain a bigger slice of the mid to premium segment. Through the strategy, the retailer has been working, to grow its gross revenue to over US$1billion in the medium term period while growing its network footprint across East Africa.