(Last Updated On: August 6, 2014)
Nakumatt Supermarket never stops growing. It just recently set up shop in Tanzania and now its planning entry into Burundi and South Sudan. This will make it the first big retail chain to open in two countries. This expansion is planned to take place in 2015.
Nakumatt is well known for its high end shopping mall in Kenya such as Nakumatt Lifestyle, Nakumatt Prestige etc. It now wants to do the same in Burundi and South Sudan which has low retail penetration.
In Tanzania, Nakumatt spent sh3 billion to acquire South Africa’s Shoprite stores in a deal financed by KCB.