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Nakumatt Launches Second Retail Store in Tanzania

More Nakumatt branches risk closure

Kenya’s Nakumatt Holdings Limited has officially launched its first of the many upcoming stores in Tanzania. The regional retail giant opened the store at Milimani City promising to buy more Tanzanian products to sell in the store.

Nakumatt acquired three shops belonging to South Africa’s Shoprite in Tanzania in a deal pundits say is worth around $45.5 Million.

99 per cent of Nakumatt workers in Tanzania are Tanzanians, helping create employment opportunities. Nakumatt Mlimani is the retail giant’s second store in Tanzania after Nakumatt Moshi which opened in 2011 in Moshi.

Written by Robert

Respected Kenyan blogger, tech evangelist, and social justice activist. Robert is known for his hard-hitting articles and opinions disseminated through his Twitter handle @RobertAlai or Facebook page (www.fb.com/RobertAlai).

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