Description
| - Nakumatt is a Kenyan supermarket chain. Nakumatt is an abbreviation for Nakuru Mattresses. As of November 2010, it has twenty-seven (27) stores across Kenya and employs over 4,000 people. It has subsidiaries in Uganda, Rwanda and has plans to enter other East African countries. Nakumatt is a wholly Kenyan company, owned by the Atul Shah family and Hotnet Limited.
On the 23rd of August, 2008, Nakumatt opened its first store outside Kenya in the Union Trade Center, in Kigali, Rwanda. 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 three stores in the Kampala suburbs of Bugoloobi, Bukoto and Kabalagala, bringing the total number of stores in Uganda to four (4). The initial investment in the store in Kololo was approximately US$3 million. The three Payless Supermarket stores...
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