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Dar firm bids for Nakumatt Tanzania

A Tanzanian firm has expressed interest to buy a majority stake in Nakumatt Tanzania after the Kenyan retailer put 51 per cent of its stake in the country for sale.PHOTO: COURTESY

A Tanzanian firm has expressed interest to buy a majority stake in Nakumatt Tanzania after the Kenyan retailer put 51 per cent of its stake in the country for sale.

Quality Group Limited (QGL), a conglomerate with interests in different industries, on Tuesday put a statement in a Tanzania daily newspaper, saying it had bid for the stake in the retail outlet.

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