Nakumatt Takes Tanzania by storm

Tanzania: Regional retailer, Nakumatt Holdings, has kicked off a clearance
sale campaign in Dar es salaam Tanzania, as it prepares to formally assume
business at the former Shoprite locations in the country.

The 50% Sale at Nakumatt Mlimani City, flagship store located at Mlimani
Mall in Dar es Salaam, today attracted an overwhelming crowd of shoppers
hoping to catch a bargain.

According to Nakumatt Holdings, Managing Director, Mr. Atul Shah, the
clearance sale shopping bonanza will be undertaken throughout this weekend
to facilitate a stock clearance process.

“Nakumatt has sealed an assets buyout agreement with Shoprite and we are
undertaking this immensely popular sale to clear current stock holds ahead
of a rebrand and reopening of the three stores,” Shah explained.

“Through this sale, we are also evaluating the variety and demand for some
of the items to ensure that we optimize the stockholding based on customer
demands here in Tanzania,”

At the end of this week, Shah further confirmed that Nakumatt will be
briefly closing down the three stores to facilitate stores refurbishment
process.

The process expected to last a month will thereafter facilitate the
reopening of the three stores under the Nakumatt banner and management,
which will give an opportunity for all customers to experience the renowned
Nakumatt courtesy.

In Tanzania, Nakumatt operates a single store in Moshi and will be
effectively raising its branch network to 49 up from the current 46 across
East Africa.

*Ends*