, NAIROBI, Kenya, Feb 23 – Nakumatt Holdings says it has attained its midterm corporate expansion goal, with the opening of its 40th branch in Thika town.
The opening of the Sh300 million Nakumatt Thika town supermarket comes barely a week to the close of the retailer’s financial calendar at the end of this month.
As part of its regional expansion plans, Nakumatt Holdings has two years ago announced its midterm corporate expansion goal geared at opening 40 branches by the close of it’s 2012/13 Financial Year.
With this commitment, Nakumatt Holdings has been actively undertaking a strategic regional expansion plan that has seen the retailer establish 33 branches in Kenya, one in Moshi, Tanzania, two in Kigali, Rwanda and four in Uganda.
Speaking at the official opening of Nakumatt Thika Town, Nakumatt Holdings Managing Director Atul Shah confirmed that the firm had marked a major milestone with the opening of the fortieth branch.
“As they say, life begins at forty and we are glad to be celebrating the opening of our 40th branch here in Thika town with our loyal customers, staff and suppliers who have all played a major role in Nakumatt’s continued growth,” Shah explained.
“The opening of this branch also signifies Nakumatt Holdings commitment to deepen the regional retail market through solid investments that provide a market platform for local entrepreneurs’, job opportunities and a world-class retail market for millions of people living in East Africa.”
The opening of Nakumatt Thika Town supermarket comes hot on the heels of Nakumatt Thika Road Supermarket commissioned just a week ago.
To celebrate the 40th branch milestone, shoppers at both Nakumatt Thika Town and Nakumatt Thika Road Supermarkets will enjoy attractive price discounts on a variety of products including the retailers recently launched private label line- Nakumatt Blue Label.
During the official opening, Shah reiterated that the opening of the firm’s 40th branch sets the stage for the opening of five new branches across the region this year. The on-going expansion drive will also focus on the upgrading of existing branches to enhance the stores ambience, layout and product variety.
With a staff complement of more than 5,900 employees, Nakumatt, Shah confirmed will be investing more than Sh1billion this year in the roll out of new branches in both Kenya and Uganda.
Beyond the Kenya branches, Nakumatt plans to open four more branches in Uganda, at Katwe, Kisementi (Acacia Mall) Entebbe (Victoria Mall) and Bugolobi (Village Mall) during our 2013 financial year.
“The year 2013 promises to be a busy year for Nakumatt as we prepare to open at least five more branches in Uganda and Kenya as part of our expansion strategy. We shall continue investing heavily in our bid to maintain exceptional customer service standards,” Shah explained.
The opening of these branches, Shah said, also confirms Nakumatt’s underlying confidence in the regional economies and the positive prospects for world-class retail solutions in the region.