- Nakumatt
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Nakumatt Holdings Ltd Type Private Industry Retail trade Founded 1987 Headquarters Nairobi, Kenya Products Supermarkets Subsidiaries In Kenya, Rwanda, Tanzania & Uganda Website Homepage Nakumatt is a Kenyan supermarket chain. Nakumatt is an abbreviation for Nakuru Mattresses.[1]
Contents
Overview
As of November 2010[update], it has twenty-seven (27) stores across Kenya and employs over 4,000 people.[2] It has subsidiaries in Uganda, Rwanda and has plans to enter other East African countries.[3] [4]
Regional subsidiaries
On the 23rd of August, 2008, Nakumatt opened its first store outside Kenya in the Union Trade Center, in Kigali, Rwanda.[5] In June 2009, the first Nakumatt store in Uganda opened on Yusuf Lule Road on Kololo Hill, in central Kampala, Uganda's capital city. In November 2010, Nakumatt expanded its footprint in Kampala by acquiring Payless Supermarket, a Ugandan supermarket chain with two stores in the Kampala suburbs of Bugoloobi and Bukoto, bringing the total number of stores in Uganda to three.[6] The initial investment in the store in Kololo was approximately US$3 million. The three Payless Supermarket stores cost an estimated US$650,000. Nakumatt plans to expand the new stores at a later date.[7]
Branches
As of May 2011[update] the supermarket chain has the following branches: [8]
Kenya - Twenty-seven (27) stores. (One more expected In 2011)
Uganda - Three (3) stores in Kampala, Uganda's capital
Rwanda - One (1) store in Kigali. (One more expected in 2011)
Tanzania - One (1) store in Moshi. (Another one expected in Dar es Salaam)
Finances
Turnover in 2006 was over US$300m, up 150% on the previous year.[9] The company was alleged to be involved in tax evasion in 2006, although to date no charges have been filed.[10]
Ownership
Nakumatt is a wholly Kenyan, privately held company, owned by the Atul Shah Family and Hotnet Limited.
2009 Nakumatt fire
A Nakumatt store in Nairobi suffered a massive fire on January 28, 2009, killing 25 people.
High-End Malls
Nakumatt has played a significant role in the urban development of Kenya's largest and capital city, Nairobi, through the construction of upscale malls throughout the Nairobi Area, which include brand name stores, banks, international eateries, theatres, etc[11]:
- Nakumatt Mega ( 24 hour supermarket)
- Nakumatt Junction
- Nakumatt Ukay (Kenya's first 24 hour supermarket)
- Nakumatt West Gate
- Nakumatt Prestige
- Nakumatt Galleria on Langata Road
References
- ^ "Kenya: Nakumatt to Be Listed At NSE, Says Director". The Nation. 5 October 2007. http://allafrica.com/stories/200710041234.html. Retrieved 2007-12-07.
- ^ Nakumatt Company Profile
- ^ The East African August 25-31, 2008 - Special Supplement
- ^ "Nakumatt Prepares to Sell In Rwanda". AllAfrica. 11 June 2007. http://allafrica.com/stories/200706111337.html. Retrieved 2007-06-13.
- ^ Nakumatt Opens Store In Rwanda
- ^ Nakumatt Opens 24 Hour Supermarket In Bugoloobi, Uganda
- ^ Nakumatt Acquires Payless Supermarket Chain
- ^ Nakumatt Plans Regional Expansion
- ^ "Nakumatt Turnover grows by 150%". AllAfrica. 30 May 2007. http://allafrica.com/stories/200705300057.html. Retrieved 2007-06-13.
- ^ "Nakumatt Chain Probed Over Tax Queries". East African Business Week. 10 April 2006. http://www.busiweek.com/index.php?option=com_content&task=view&id=1337&Itemid=9. Retrieved 2007-06-13.
- ^ Nakumatt's High-End Malls
External links
Categories:- Supermarkets
- Companies of Kenya
- Retail companies established in 1987
- 1987 establishments in Kenya
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