By Abel Muhatia
Nakumatt Holdings is set to become a key retailer at the upcoming Sh 3 billion-Comesa mall in Eastleigh by the end of next year.
This comes after the regional retailer sealed a lease agreement with the mall developers Darasa Investments in a bid to act as the anchor tenant at the mall.
“At our current growth pace and based on the regional market demand, we anticipate opening a minimum of 14 more branches by the end of 2016,” said Atul Shah the retailers managing director.
The acquisition of the 40,000 square feet shop space will see the… firm make a major step in its two year corporate growth strategy as it opens up its 6oth branch. Far from increasing branches, Shah confirmed that the firm is planning to maintain an active growth pace.
This will be focused on enhancing its customers experience on a programme aimed at growing its gross revenues to over 1 billion US dollars in the medium term.
By engaging a number of property developers across the country, the 52-branch firm has formulated a solid strategy to guarantee protection of its market place.
Arrival of Nakumatt at the busy commercial district of Eastleigh is a sign of revenue increase and healthy competition to similar markets in the Somali invaded suburb.
Across the region, Nakumatt has been at the forefront in the promotion of regional retail trade. It currently has 14 branches in Uganda, Tanzania and Rwanda combined.