Regional giant retailer, Nakumatt Holdings of Kenya, has opened a branch in Arusha.
Nakumatt celebrates its golden milestone with the opening
its 50th branch in the East African region which will employ 50 people in Arusha.
Nakumatt owners say that the opening of $2 million
Arusha branch at the Tanganyika farmers Association (TFA)’s shopping
complex, opposite
Kilombero market, now sets the pace for retailer’s renewed
growth plans in
EA region and beyond. Nakumatt is located at the former premises
occupied by Shoprite which has now closed shop in Arusha.
Nakumatt Holdings Ltd Managing Director, Atul Shah leading EAC's Secretary General, Dr. Richard Sezibera to officially open the company's shop in Arusha. |
.
“Having opened our first branch 22 years ago in
Nairobi, I’m excited yet
humbled by this achievement. By all means I recognize that the
opening of
50 branches by a homegrown retailer in East Africa is no mean
achievement” says Nakumatt holdings Managing Director, Mr. Atul
Shah.
Mr Shah unveiled his long-term dream to ensure that Nakumatt double the
formal retail penetration in East African from the current less than 14
percent to at least 30 percent in the next ten years.
He, however, says such growth for formal retail sector will require
concerted efforts, amongst all stakeholders and will in turn inspire the
regional growth.
“My dream is to see thousands of farmers and other
cottage industries
accessing formal retail markets such as Nakumatt” Mr. Shah
noted, adding: “For this, we have committed to play a mentorship role
to raise the
capacity of organized groups to deliver suitably packaged and
market ready
retail products”.
Alongside this dream, Mr Shah harbors even more ambitious wish to see the
East African countries host the 2030 football world cup perhaps in Arusha,
Kigali, Nairobi, Dar es Salaam and Kampala.
“As East Africans, we must embrace a common vision to inspire regional
development and foster social cohesion. In my view, nothing does this
better than a common dream to host a global soccer bonanza” he noted.
Gracing the official opening of the Nakumatt Arusha branch, the EAC
secretary General, Dr. Richard Sezibera said the treaty says that the EAC
is private sector driven and people centred, meaning that East Africans
have the opportunity to grow.
“We should think East African for us to grow, unfortunate there are some
people who think very local and therefore miss opportunities” Dr. Sezibera
stressed.
The EAC boss commended the Nakumatt holdings for its regional spirit and
plans to operate 24-hours seven days a week.
Arusha City Mayor, Gaudence Lyimo thanked the Nakumatt management for
choosing Arusha as the best place to invest.
“For us, Nakumatt supermarket will add value to our city which is famous as
Geneva of Africa” Lyimo said, imploring other investors to borrow a leaf
from Nakumatt.
Currently enjoying a more than $650million turnover for its regional
operations, Shah confirmed that Nakumatt’s future looks bright with
its expansion plans now trained on such markets as, South Sudan and
Burundi among others.
With the opening of Nakumatt Mlimani, Pugu road and Nakumatt Arusha Shah,
pointed it out that Nakumatt now has four running stores in Tanzania. The
three new stores are the latest additions to the existing Nakumatt Moshi
store which opened its doors in 2011.
No comments:
Post a Comment