Nakumatt enters Tanzania market, eyes Burundi

By Standard Reporter

Retail chain, Nakumatt Holdings has entered Tanzania with the opening of a store in Moshi.

The Sh115 million outlet, which opens its doors to the public on Saturday, pushes the chain’s total branch network to 35 across Kenya, Uganda, Rwanda and now Tanzania.

Nakumatt Holdings managing director Mr Atul Shah on Friday said the firm now eyes Burundi in the next two years as part of its African expansion strategy.

"Nakumatt is exploring options for a store in Burundi to ensure that we fully cover East Africa region," Shah said.

Beyond East Africa, Nakumatt has confirmed plans to enter other markets within the Southern Africa, Western and Horn of Africa regions as part of its next growth phase.

In Tanzania, the chain plans four other outlets in key towns such as Dar es Salaam and Arusha in coming months.

Sitting at the foot of Mt Kilimanjaro, Moshi town is an important economic hub in Tanzania enjoying a high site on the country’s tourism front. Moshi town is also a coffee producing area with a high disposable income to support a retail business.

The firm is eyes entry to countries such as Burundi, Zambia, South Sudan, DRC, Nigeria, Botswana and Malawi.