Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
Nakumatt Bugolobi/FILE

Kenya

Nakumatt to cross-sell products in regional markets

Nakumatt Bugolobi/FILE

NAIROBI, Kenya, Feb 6 – Regional retailer Nakumatt Holdings is planning to streamline its services across its branch networks in the East African region offering customers a wider and more diverse range of products.

The supermarket chain that operates in Kenya, Uganda, Tanzania and Rwanda has already stepped up efforts to integrate its services in line with the local consumer expectations across the respective countries.

Nakumatt Holdings Managing Director Atul Shah said through such an integration process, the firm will be better enabled to meet consumer needs across the different markets.

“We are helping forge a seamless retail market by cross listing and selling products from different markets across our network. For example, we now sell Rwanda coffee among other products in Kenya which translates to an expanded market for Rwanda farmers,” he said.

Nakumatt opened it second store in Rwanda in October last year, with plans for a third one expected in Kigali soon.

Elsewhere in the region the firm opened an outlet in Tanzania in December last year and has its sights on Burundi to complete its footprint in the region.

Shah was speaking during this year’s Rwanda Development Board (RDB) Business Excellence Awards, where Nakumatt was declared the first runner up in the overall investor of the year category.

As part of the Rwandan government’s plans to enhance economic growth, the RDB also named Nakumatt as one of the top investors in the country, for its role in facilitating economic development in Rwanda.

With hundreds of Kenyan firms expanding their operations to Rwanda, competition for quality service provision based on global best practices is fast emerging as a key business growth factor.

The annual awards honour the achievement of businesses, individuals and SME’s that have made an exceptional contribution to Rwanda’s economic growth.

Advertisement. Scroll to continue reading.

Also speaking at the awards ceremony, Rwandan Prime Minister Pierre Damien Habumuremyi said the awards are geared at encouraging investors to go the extra mile by reinvesting in the growth of their businesses, generating employment, developing the skills of their employees and improving the quality of services offered.

“Organizing these awards is pertinent in supporting the private sector. Our prosperity as a nation depends on how individual businesses and indeed entire sectors are able to outperform their competitors both on the local market and on the international scene,” RDB Investment and Implementation Head Vivian Kayitesi said.

This year, the awards attracted more than 142 participating organizations comprising of 130 companies, 110 investors, 20 exporters and 12 districts.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...