Ratio Magazine :: The Inside Track to East Africa’s Economies - Kenya: Press Releases: Nakumatt Holdings Opens 29th Branch in Kenya

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Kenya: Press Releases: Nakumatt Holdings Opens 29th Branch in Kenya

Friday, 15 July 2011

Nairobi, 15 July 2011 --- Leading regional retail chain Nakumatt Holdings is inching closer to hitting its 30-branch milestone in Kenya following the opening of Nakumatt Ridgeways today. The new branch located along Kiambu Road and the Ridgeways Road junction is valued at more than KES300m and covers a shop floor space of more than 25,000 square feet.

Speaking during the launch of the new supermarket, Nakumatt Holdings Managing Director Atul Shah said the branch had been opened to cater for the discerning retail clientele residing around Runda, Kiambu town, Ruiru, Thika Road, Thika Greens and its environs.

The branch, Nakumatt’s 17th store in the Nairobi region, is also strategically positioned to cover an expected retail boom once the new property developments such as Tatu City and Migaa are completed in the coming years.

With the opening of Nakumatt Ridgeways, Nakumatt Holdings now operates a total of 33 branches across Kenya, Uganda, and Rwanda. “The opening of Nakumatt Ridgeways is a milestone for Nakumatt Holdings and confirms our commitment to meet the growing retails needs across East Africa,” Shah said. “The opening of this branch has also been fast tracked due to overwhelming requests from former Nakumatt Thika Road customers.”

As part of its expansion plans, Nakumatt Holdings has also lined up other branch openings in Nakuru and Malindi. In the regional market, Nakumatt Holdings plans to open a branch in Tanzania’s Moshi town while a second branch in Kigali, Rwanda is also firmly on course.

Nakumatt Ridgeways is fully stocked with a variety of more than 50,000 products to choose from ranging from fresh produce to lifestyle products such as electronics, clothing, toys, branded foods and general products.

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