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Nakumatt Supermarket books space in Dar es Salaam mall
Nakumatt plans to open a new store in Dar es Salaam, Tanzania. FILE PHOTO | NATION MEDIA GROUP
By SIMON CIURI
Posted Thursday, January 22 2015 at 21:04
IN SUMMARY
Nakumatt Supermarket has booked space in an upcoming mall in Dar es Salaam, stepping up market share fight with Uchumi following last year's exit of South African retailer Shoprite
READ: Nakumatt takes over first Shoprite store
Nakumatt opened its first outlet in Tanzania in 2011 at the 34,000-square feet Nakumatt Moshi outlet.
Thiagarajan Ramamurthy who is the retail chain's head of strategy and operations, told Business Daily in an interview Thursday that the retailer has booked space at Penninsula Plaza in Dar es Salaam – an upcoming mall expected to be completed later this year.
Nakumatt will be the anchor tenant taking 25,000 square feet.
The retailer will spend Sh350 million internal cash to stock the outlet and it will hire about 100 staff.
"The focus is to widen our growth path by opening more outlets both at home and in the regional markets and increase our revenue," said Mr Ramamurthy.
"Dar es Salaam is a lucrative market given its population and its shopping trends," he added.
Uchumi supermarkets chief executive officer Jonathan Ciano said the retailer is scouting for premises in Dar es Salaam to increase its presence in the Tanzanian capital.
"Dar es Salaam in Tanzania is one of the places we are seeking to open more outlets in our growth plan including Rwanda where we are foreseeing good market prospects," said Mr Ciano.
Uchumi plans to have seven outlets in Tanzania by next March, according to the CEO.
He said in February the retailer will be opening the sixth branch in Moshi, Tanzania, which will be its first branch opening after close of the rights issue that saw the retailer raise Sh896 million last year.
READ: Uchumi acquires Dar supermarket in growth drive
Uchumi set to open new Moshi branch after rights issue
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Mr Jonathan Ciano, the Uchumi Supermarkets chief executive officer. PHOTO | FILE
By SIMON CIURI
Posted Tuesday, January 13 2015 at 19:44
IN SUMMARY
Uchumi supermarkets is set to open a new outlet in Moshi, Tanzania, in its first major investment after conclusion of a Sh896 million rights issue last year.
The new outlet will be located at the Kilimambogo Mall where Uchumi is the anchor tenant and has already secured 20,000 square feet space.
"The official opening of the mall is taking place today (Wednesday) but due to logistics and preparations surrounding the opening ,we have decided to open the outlet next month," Jonathan Ciano, the Uchumi chief executive officer, said in a phone interview from Tanzania.
Uchumi currently has five branches in Tanzania. It plans to raise these to seven by March this year, said Mr Ciano. Uchumi last November acquired Dar es Salaam-based Sifamart Supermarkets for an undisclosed amount.
HAYA HABARI YA MJINI NDIYO HIO...................HATERS NAJUA MPO NJIANI...........
Nakumatt plans to open a new store in Dar es Salaam, Tanzania. FILE PHOTO | NATION MEDIA GROUP
By SIMON CIURI
Posted Thursday, January 22 2015 at 21:04
IN SUMMARY
- Nakumatt has four branches in Tanzania, while Uchumi has five.
- Retailer has booked space at Penninsula Plaza in Dar es Salaam – an upcoming mall expected to be completed later this year.
- The retailer will spend Sh350 million internal cash to stock the outlet and it will hire about 100 staff.
Nakumatt Supermarket has booked space in an upcoming mall in Dar es Salaam, stepping up market share fight with Uchumi following last year's exit of South African retailer Shoprite
Shoprite sold its three Tanzanian stores to Nakumatt at a cost of Sh3 billion.
READ: Nakumatt takes over first Shoprite store
Nakumatt opened its first outlet in Tanzania in 2011 at the 34,000-square feet Nakumatt Moshi outlet.
Thiagarajan Ramamurthy who is the retail chain's head of strategy and operations, told Business Daily in an interview Thursday that the retailer has booked space at Penninsula Plaza in Dar es Salaam – an upcoming mall expected to be completed later this year.
Nakumatt will be the anchor tenant taking 25,000 square feet.
The retailer will spend Sh350 million internal cash to stock the outlet and it will hire about 100 staff.
"The focus is to widen our growth path by opening more outlets both at home and in the regional markets and increase our revenue," said Mr Ramamurthy.
"Dar es Salaam is a lucrative market given its population and its shopping trends," he added.
Uchumi supermarkets chief executive officer Jonathan Ciano said the retailer is scouting for premises in Dar es Salaam to increase its presence in the Tanzanian capital.
"Dar es Salaam in Tanzania is one of the places we are seeking to open more outlets in our growth plan including Rwanda where we are foreseeing good market prospects," said Mr Ciano.
Uchumi plans to have seven outlets in Tanzania by next March, according to the CEO.
He said in February the retailer will be opening the sixth branch in Moshi, Tanzania, which will be its first branch opening after close of the rights issue that saw the retailer raise Sh896 million last year.
READ: Uchumi acquires Dar supermarket in growth drive
Uchumi set to open new Moshi branch after rights issue
Mr Jonathan Ciano, the Uchumi Supermarkets chief executive officer. PHOTO | FILE
By SIMON CIURI
Posted Tuesday, January 13 2015 at 19:44
IN SUMMARY
- The new outlet will be located at the Kilimambogo Mall in Moshi, Tanzania, where Uchumi is the anchor tenant and has already secured 20,000 square feet space.
Uchumi supermarkets is set to open a new outlet in Moshi, Tanzania, in its first major investment after conclusion of a Sh896 million rights issue last year.
The new outlet will be located at the Kilimambogo Mall where Uchumi is the anchor tenant and has already secured 20,000 square feet space.
"The official opening of the mall is taking place today (Wednesday) but due to logistics and preparations surrounding the opening ,we have decided to open the outlet next month," Jonathan Ciano, the Uchumi chief executive officer, said in a phone interview from Tanzania.
Uchumi currently has five branches in Tanzania. It plans to raise these to seven by March this year, said Mr Ciano. Uchumi last November acquired Dar es Salaam-based Sifamart Supermarkets for an undisclosed amount.
HAYA HABARI YA MJINI NDIYO HIO...................HATERS NAJUA MPO NJIANI...........