Nakumatt opens store in Kakamega

Kenya Regional retailer, Nakumatt Holdings, has opened doors to its second supermarket store, in the fast growing, Kakamega town.

The new Nakumatt Midtown Supermarket which were acquired from, Yako Supermarkets Limited, late last year completes the remodeling and opening of the three West Kenya based, supermarket stores.

As part of a Kshs 260million investment strategy on the three Busia, Bungoma and Kakamega, stores, Nakumatt has now completed its Western Kenya market enhancement strategy.

Speaking at the opening of the store, Nakumatt Holdings, Regional Strategy and Operations Director, Mr. Thiagarajan Ramamurthy, confirmed that plans are at an advanced stage, for the opening of the firm’s 60^th store in Emali town, along the Nairobi-Mombasa Highway, in the coming days.

“Within our commitment to deepen the formal retail market space in East Africa, we are aiming to complete the third phase of growth with the opening of our 60^th branch before the end of the month,” Ramamurthy said,

adding that they have been actively enhancing the customer experience to meet the diverse needs with the support of business partners.

With the opening of Nakumatt Midtown, Nakumatt, has managed to significantly raise its market presence in the West Kenya region.

Nakumatt, now features, 12 stores in 9 West Kenya counties (Busia, Bungoma, Kitale, Kakamega, Kericho, Kitale, Kisumu, Kisii, Uasin Gishu and Nakuru).

Currently enjoying a less than 25 per cent 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.