Nakumatt
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Nakumatt
| 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]
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Contents
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Overview
As of November 2011[update], it has thirty-seven (37) stores across Kenya, Uganda, Rwanda and Tanzania and employs over 4,000 people.[2] It has subsidiaries in Uganda, Rwanda, Tanzania 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 March 2012[update] the supermarket chain has the following branches: [8]
Kenya - Thirty-one (31) stores.
Uganda - Three (3) stores in Kampala, Uganda's capital, one (1) in Entebbe and one (1) in Mbarara[9], for a total of five (5) stores.
Rwanda - Three (3) stores in Kigali.
Tanzania - One (1) store in Moshi. (Four others expected in Dar es Salaam & Arusha)[10]
Finances
Turnover in 2006 was over US$300m, up 150% on the previous year.[11] The company was alleged to be involved in tax evasion in 2006, although to date no charges have been filed.[12]
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[13]:
- 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 Bugolobi, Uganda
- ^ Nakumatt Acquires Payless Supermarket Chain
- ^ Nakumatt Plans Regional Expansion
- ^ Foreign Supermarkets Flood Uganda
- ^ Moshi Store Opened In December 2011
- ^ "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
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