Sunday, August 24, 2008

Nakumatt Supermarket opens in Rwanda

(L-R)Nakumatt Holdings Operations Director Thiagarajan Ramamurthy, minister of commerce, Monique Nsanzabaganwa and managing director Atul Shah during the official opening of Nakumatt supermarket in Kigali.
KIGALI - The Supermarket chain Nakumatt holdings yesterday officially launched its business operations in Kigali. It opened the US$3 million supermarket outlet located at the Union Trade Center (UTC) in Kigali.
The new outlet covering a shopping floor space of more than 25,000 square feet is the first operational Nakumatt outlet outside Kenya. Plans to open similar stores in Uganda and Tanzania are at an advanced stage.
Speaking at a formal opening of the new branch presided over by the Minister of Commerce, Monique Nsanzabaganwa, Nakumatt Holdings Operations Director, Thiagarajan Ramamurthy, described the opening of the new store in Rwanda as a milestone for Nakumatt Holdings.
He disclosed that they will be investing more than US $ 20 million in the East Africa expansion plan which will see the chain opening 3 branches in Uganda, 2 in Rwanda, 4 in Tanzania and raising its Kenyan network to 30 in the next two years.
The Nakumatt operations boss pledged to maintain the firm’s renowned world class standards in their East African expansion drive.[More]http://www.newtimes.co.rw/index.php?issue=13632&article=1875

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