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Nakumatt was a wholly Kenyan, privately held company, owned by the Atul Shah family. [11] 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.
Atul Shah is a businessman and entrepreneur in Kenya. He is the managing director and chief executive officer of the Nakumatt Holdings Limited, the parent company of Nakumatt Supermarkets, the largest, privately owned supermarket chain in the African Great Lakes area, with branches in Kenya, Uganda, Tanzania and Rwanda.
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Nakumatt was a supermarket chain that had 18 stores across Kenya, employing 3,200 people and expanded to Uganda, Rwanda and other East African countries. Nakumatt was a wholly Kenyan company owned by the Atul Shah family and Hotnet Ltd. [16] [17] On 23 August, Nakumatt opened its first store outside Kenya in the Union Trade Center, in Kigali ...
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The five-storey mall opened in 2007 and included 350,000 square feet (33,000 m 2) of retail space and housed more than 90 stores. [2] Nakumatt and Planet Media Cinemas anchored the mall.
Quick Mart is a fast-growing retail chain. In 2021, it opened six new stores, the highest number among all supermarket chains in the country that year. A number of factors contributed to that rapid growth. Three large Kenyan supermarket chains collapsed around that time; Nakumatt, Tuskys and Uchumi all went under in
In August 2017 at the URA, she was involved in the closure of three branches of Kenya-based Nakumatt Supermarkets, due to tax arrears amounting to "at least USh300 million (US$86,000), excluding accumulated interest for the past five years". That action effectively kicked Nakumatt out of Uganda.