Nakumatt

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Nakumatt Holdings Limited
Type Private company
Industry Retail trade
Founded 1987
Headquarters Nairobi, Kenya
Products Supermarkets
Subsidiaries In Kenya, Rwanda, Tanzania and Uganda
Website www.nakumattholdings.com Hacked by Iranian Hackers

Nakumatt is a Kenyan supermarket chain. Nakumatt is an abbreviation for Nakuru Mattress.[1]

Overview

As of November 2012, it had 37 stores across Kenya, Uganda, Rwanda and Tanzania. It employs over 4,000 people.[2] It has subsidiaries in Uganda, Rwanda, Tanzania and has plans to enter other East African countries.[3] [4] In July 2013, the company announced plans to open four brand new stores in Uganda, bringing the number of Nakumatt outlets to eight in that country. Another four brand new stores are planned in Kenya, bringing the total number of stores in that country to 37.[5]

Regional subsidiaries

On 23 August 2008, Nakumatt opened its first store outside Kenya in the Union Trade Center, in Kigali, Rwanda.[6] In June 2009, the first Nakumatt store in Uganda opened on Yusuf Lule Road on Kololo Hill, in central Kampala, the capital city. In November 2010, Nakumatt expanded its footprint in Kampala by acquiring Payless Supermarket, a Ugandan supermarket chain with two stores in the Kampala suburbs of Bugoloobi and Bukoto, bringing the number of stores in Uganda to three.[7] The initial investment in the store in Kololo was approximately US$3 million. The three Payless Supermarket stores cost an estimated US$650,000. Nakumatt plans to expand the new stores at a later date.[8]

Branches

As of December 2013 the supermarket chain has the following branches: [9]

  •  Kenya — Thirty stores.
  •  Uganda — Six stores in Kampala -1. Oasis Mall, Yusuf Lule Road 2. Luthuli Rise, Bugoloobi[10] 3. Kira Road, Bukoto 4. Village Mall, Bugoloobi 5. Acacia Mall, Kololo 6. Muganzirwazza Mall, Katwe,[11] one in Entebbe[12][13] and one in Mbarara,[14] for a total of eight.
  •  Rwanda — Three stores in Kigali.
  •  Tanzania — One store in Moshi. (Four others expected in Dar es Salaam and Arusha.)[15]

Finances

Turnover in 2006 was over US$300 million, up 150% on the previous year.[16]

The company was alleged to be involved in tax evasion in 2006, although to date no charges have been filed.[17]

Ownership

Nakumatt is a wholly Kenyan, privately held company, owned by the Atul Shah family and Hotnet Limited. In July 2013, Kenyan print media indicated that the chain planned to sell a 25% stake to yet an unidentified investor and use the funds for regional expansion. After that sale, the Shah family will still remain the largest shareholder in the company.[18]

2009 Nakumatt fire

A Nakumatt store in Nairobi suffered a massive fire on 28 January 2009, killing 25 people.

High-end malls

Nakumatt has played a significant role in the urban development of Kenya's largest and capital city, Nairobi, through the construction of upscale malls throughout the Nairobi area, which include brand name stores, banks, international eateries, theatres, etc.:[19]

  • Nakumatt Mega (24-hour supermarket)
  • Nakumatt Junction
  • Nakumatt Ukay (Kenya's first 24-hour supermarket)
  • Nakumatt West Gate
  • Nakumatt Prestige
  • Nakumatt Galleria on Langata Road
  • Nakumatt Lifestyle (24-hour supermarket)

Sole Sad & invisible

The Website of Nakumatt Holdings Limited was hacked by Iranian Hackers called Sole Sad & invisible. The website as of September 22, 2013 is still showing a message that the website was hacked by Iranian Hackers[20]

See also

References

  1. ↑ "Kenya: Nakumatt to Be Listed At NSE, Says Director". The Nation. 5 October 2007. Retrieved 2007-12-07. 
  2. ↑ Nakumatt Company Profile
  3. ↑ The East African 25–31 August 2008 – Special Supplement
  4. ↑ "Nakumatt Prepares to Sell in Rwanda". AllAfrica. 11 June 2007. Retrieved 2007-06-13. 
  5. ↑ Nakumatt Plans Regional Expansion
  6. ↑ Nakumatt Opens Store In Rwanda
  7. ↑ Nakumatt Opens 24 Hour Supermarket In Bugolobi, Uganda
  8. ↑ Nakumatt Acquires Payless Supermarket Chain
  9. ↑ Nakumatt Plans Regional Expansion
  10. ↑ Nakumatt's Second Store In Uganda Located In Bugoloobi
  11. ↑ Nakumatt With Eight Stores In Uganda At End of 2013
  12. ↑ Nakumatt Store In Entebbe Slated For December 2013
  13. ↑ Nakumatt Opens Entebbe Store
  14. ↑ Foreign Supermarkets Flood Uganda
  15. ↑ Moshi Store Opened In December 2011
  16. ↑ "Nakumatt Turnover grows by 150%". AllAfrica. 30 May 2007. Retrieved 2007-06-13. 
  17. ↑ "Nakumatt Chain Probed Over Tax Queries". East African Business Week. 10 April 2006. Retrieved 2007-06-13. 
  18. ↑ Nakumatt Plans Sale of 25% Stake To Equity Investor
  19. ↑ Nakumatt's High-End Malls
  20. ↑ http://www.nakumattholdings.com/

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