Kenya’s largest retailer, Nakumatt, has pulled out of its project to open a second store in Kigali, the capital of Rwanda.
Following its market entry with a 24,760 sq ft supermarket in August last year, the retailer’s original plan had been to launch a 75,350 sq ft hypermarket at the Gateway Mall in Kimihurura, Kigali, before the end of this year.
A key reason behind the decision is thought to be the forced closure of two of Nakumatt’s best-performing stores this year. The entry into Rwanda last year was Nakumatt’s first foray overseas, followed by Uganda.
However, the latest delay raises questions about Nakumatt’s $20m (£12m) investment plans for east Africa.
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