Shah explained that Nakumatt and Kenya as a country stand to benefit from Africa’s growth momentum.
“By deepening ties and integration with our neighbours, Kenya can partly shield itself from the global economic turbulence,” he said.
“On the business development front, the opening of Nakumatt Mbarara and Nakumatt Malindi were some of the noteworthy milestones. These branch openings have allowed us to enhance our branch footprint for our customers’ benefit and helped advance our Pan African expansion agenda a notch higher,” he revealed.
He added that Nakumatt plans to follow up these branch openings with Nakumatt Thika Road and Nakumatt Thika town before the end of February 2013 to push us to a network of 40 stores across East Africa.
In November 2012, Finance Minister Njeru Githae announced that Kenya’s economy will grow 5.6 percent in 2013, outperforming this year’s forecast of 5.1 percent, thanks to strong rains boosting farm output.
Kenya is set to increase its tax revenue target for the fiscal year 2013/2014 by 12.4 percent in order to reach its revenue target of Sh1 trillion.
