Another Dar firm bids for Nakumatt Tanzania

[Geza Ulole]

Dar firm bids for Nakumatt Tanzania
By Macharia Kamau
Updated Thu, November 17th 2016 at 00:00 GMT +3
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A Tanzanian firm has expressed interest to buy a majority stake in Nakumatt Tanzania after the Kenyan retailer put 51 per cent of its stake in the country for sale.

A Tanzanian firm has expressed interest to buy a majority stake in Nakumatt Tanzania after the Kenyan retailer put 51 per cent of its stake in the country for sale.

Quality Group Limited (QGL), a conglomerate with interests in different industries, on Tuesday put a statement in a Tanzania daily newspaper, saying it had bid for the stake in the retail outlet. Nakumatt Holdings confirmed the new development.

The statement in Swahili said the firm had expressed interest to buy a majority stake in Nakumatt Tanzania, with a view of growing its retail business.

“If the planned sale of the shares goes, it is expected to strengthen QGL, which has in the recent past ventured into retail business,” read in part the advertorial notice. It added that it is in talks with Carrefour, the French retailer, to operate on franchises across different East African markets, excluding Kenya.

Carrefour has two retail outlets in Kenya – at the Hub in Karen and the yet to be opened Two Rivers Mall. The firm says that after conclusion of the two deals – with Nakumatt and Carrefour – it will be operating the largest retail network in East African region.

At the moment, Nakumatt is the largest retail chain in the region with more than 60 outlets across different countries in East Africa.

In addition to the planned sale of Nakumatt Tanzania, the retailer in October said it is in discussions with foreign and domestic investors for the sale of a 25 per cent stake in parent company.

Read more at: Dar firm bids for Nakumatt Tanzania

 

[Emc2]

Hahahaha!!! Baada ya hapo zitachukuliwa share zote.
Na baadae Nakumatt yote Kenya na Uganda itabebwa na wa TZ.

Nyie kaeni mkijisifu tu.

Halafu ha Quality Group wamepewa eneo kubwa Morogoro la kujenga viwanda.

Miaka hii wakenya mtazidi kukodoa kodo.

 

[1academ]

Hahahaha!!! Baada ya hapo zitachukuliwa share zote.
Na baadae Nakumatt yote Kenya na Uganda itabebwa na wa TZ.

Nyie kaeni mkijisifu tu.

Halafu ha Quality Group wamepewa eneo kubwa Morogoro la kujenga viwanda.

Miaka hii wakenya mtazidi kukodoa kodo.

Duuhh nyie mna nini africa mashariki cha kusifiwa?!! Daah bora hata rwanda wana rwandaair!, nyie na burundi kapu moja la wasiojiweza...[emoji2] [emoji90]

 

[Emc2]

Duuhh nyie mna nini africa mashariki cha kusifiwa?!! Daah bora hata rwanda wana rwandaair!, nyie na burundi kapu moja la wasiojiweza...[emoji2] [emoji90]

Hahahahahaha!!! Yaani nyie wakenya mnanichekesha sana. Mtakoma miaka hii. Tunakuja kwa speed ya ajabu mpaka mnachanganyikiwa.

 

[Smatta]

Hahahahahaha!!! Yaani nyie wakenya mnanichekesha sana. Mtakoma miaka hii. Tunakuja kwa speed ya ajabu mpaka mnachanganyikiwa.

speed gani mkuu? speed mmeianza lini? Magu amewapa ubavu nyie waswahili, mtarudi kwa kona lenyu hivi karibuni when you find out mmechezwa.

 

[Geza Ulole]

Quality group ni noma watachukua the whole of Nakumatt operations!

 

[Bypass]

Nakumatt has always been a money laundering business just like most Asian owned businesses like the W.E.Tilley at the centre of the Imperial Bank saga. with gains being made in the fight against drug trafficking nakumatt is finding itself with liquidity problems. opening a supermarket chain in TZ doesn't make sense as pips there don't shop in supermarkets. that why it's important to understand the culture of potential markets before going in. In UG its quite the opossite only that they love New things but move on to the next new thing pretty fast.