Nakumatt Holdings has acquired three branches of a Kampala-based Payless supermarket for 52 million shillings. Nakumatt took over the three branches in Bugoloobi, Bukota and Kabalanga.
Kenya’s leading supermarket chain recently snapped Payless Supermarket’s three branches in Bugoloobi, Bukoto and Kabalagala, in a transaction valued at $650,000 (Sh52 million).
Nakumatt has retained 80 former payless employees and they are doing infrastructural improvements to bring the premises up to Nakumatt standards.
Nakumatt opened its first store outside Kenya in Kigali in 2008. Nakumatt has over 23 stores in major towns in Kenya.
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