Nakumatt holdings has opened two new branches in Busia and Bungoma towns, pushing its total branch count to 57 stores across East Africa, today.
The opening of Nakumatt Bungoma and Busia Supermarkets, is part of the firm’s ongoing programme geared at enhancing its market presence in county headquarters. Currently, Nakumatt has branches in 15 counties alongside its Uganda, Rwanda and Tanzania presence.
Presiding over the official opening, Busia Governor Sospeter Ojaamong acknowledged the presence of Nakumatt investment in the county, noting that it will create employment opportunities to a majority of jobless youths.
Ojaamong said that his government was ready to create a conducive business environment for investors in Busia. “Our doors are open to all who want to invest here, we will play our part in ensuring you do business in a friendly environment,” said Ojaamong
Nakumatt Holdings Regional Operations Director Thiagarajan Ramamurthy disclosed that the firm has invested more than Sh200 million in the two branches.
Nakumatt recently acquired Yako Supermarkets Ltd assets in Kakamega, Bungoma and Busia, at an undisclosed financial deal, setting the stage for its expansion in Western region.
