Nakumatt
Defunct supermarket chain in Kenya
title: "Nakumatt" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["supermarkets-of-kenya", "retail-companies-established-in-1987", "kenyan-companies-established-in-1987"] description: "Defunct supermarket chain in Kenya" topic_path: "general/supermarkets-of-kenya" source: "https://en.wikipedia.org/wiki/Nakumatt" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0
::summary Defunct supermarket chain in Kenya ::
::data[format=table title="Infobox company"]
| Field | Value |
|---|---|
| name | Nakumatt Holdings Limited |
| logo | Nakumatt_Logo.png |
| type | Private |
| foundation | 1987 |
| defunct | 2019 |
| location | Kenya |
| hq_location_city | Nairobi |
| industry | Retail trade |
| products | Supermarkets |
| homepage | |
| :: |
| name = Nakumatt Holdings Limited | logo = Nakumatt_Logo.png | type = Private | foundation = 1987 | defunct = 2019 | location = Kenya | hq_location_city = Nairobi | key_people = | revenue = | net_income = | assets = | num_employees = | industry = Retail trade | products = Supermarkets | subsid = | homepage =
Nakumatt was a Kenyan supermarket chain. "Nakumatt" is an abbreviation for Nakuru Mattress.
Overview
, Nakumatt had 65 stores in the African Great Lakes countries of Kenya, Uganda, Rwanda and Tanzania. It employed over 5,500, and had gross annual revenue in excess of US$450 million. At that time, it had plans to enter other African countries and to increase the number of stores in the countries where it already had a presence.{{cite web|title=Nakumatt: From Mattress Shop to African Chain|url=https://www.reuters.com/article/us-africainvest-summit-nakumatt-idUSBRE83I12V20120419|first=Duncan |last=Miriri|publisher=Reuters|date=19 April 2012|accessdate=31 May 2014}} In October 2017 the company ran out of funds and did not pay rents or wages. 60 stores were closed. As of March 2021, the chain had only one store in operation.
Regional subsidiaries
On 23 August 2008, Nakumatt opened its first store outside Kenya in the Union Trade Center, in Kigali, Rwanda.{{cite web |url=http://www.allafrica.com/stories/200808250206.html|title=Rwanda: Nakumatt Opens in Rwanda|first=and Kihesi Rwaguma|last=Frank Kagabo |accessdate=31 May 2014|date=24 August 2008|publisher=The New Times (Rwanda) via AllAfrica.com}} 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.{{cite web |url=http://eastafricabusiness.blogspot.com/2010/11/nakumatt-opens-24-hour-outlet-in.html|title=Nakumatt Opens 24 Hour Outlet in Uganda's Bugolobi Suburb|date=9 November 2010|accessdate=31 May 2014|first=Peter|last=Gakure-Mwangi|publisher=East Africa Business Week}} The initial investment in the store in Kololo was approximately US$3 million. The two Payless Supermarket stores cost an estimated US$650,000. Nakumatt planned to expand and open new stores, the retail chain announced plans to open five new stores outside Kenya during the first half of the year 2016.{{cite web|first=Mugambi |url=http://www.businessdailyafrica.com/Corporate-News/Nakumatt-to-open-five-more-outlets/-/539550/3059596/-/item/0/-/1llnf4z/-/index.html |last=Mutegi |title= Nakumatt to open five more outlets in neighbour countries |newspaper=Business Daily Africa|location=Nairobi| date=2 February 2016| accessdate=2 February 2016}}
Branches
the supermarket chain had five stores in Kenya, including at the following locations: one in Nakuru and four stores in Nairobi. Prestige, Lavington, Embakasi, Mega. The Mega branch on Uhuru Highway now takes a smaller space adjacent to the proposed Carrefour Mega.
Finances
Turnover in 2006 was over US$200 million, up 120% on the previous year.{{cite web |url = http://allafrica.com/stories/20070543**0057.html |title = Kenya: Nakumatt Turnover Grows by 150% |publisher =Daily Nation Online via AllAfrica.com |date = 30 May 2007 |accessdate =31 May 2014 |first=Justus |last=Ondari |url=http://www.businessdailyafrica.com/Nakumatt-valued-at-Sh34bn-says-MD--/-/5239552/2055322/-/11a2x3v/-/index.html|title=Nakumatt Valued At KSh34 Billion, Says MD|first=Charles|last=Mwaniki|date=31 October 2013|accessdate=31 May 2014|publisher=Business Daily Africa}}
Ownership
Nakumatt was a wholly Kenyan, privately held company, owned by the Atul Shah family. 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 would still remain the largest shareholders in the company.
Safety
The chain has a poor safety record and has faced strong criticism mainly regarding shoppers' and employees' safety. Main case in point is the 2009 Nakumatt fire in which over 29 people lost their lives. However, the management has taken steps to ensure that such accidents do not happen again.
2009 Nakumatt fire
A Nakumatt store in Nairobi suffered a massive fire on 28 January 2009, killing about 29 people.
High-end malls
::figure[src="https://upload.wikimedia.org/wikipedia/commons/b/b8/Nakumatt_Westgate.JPG" alt="Nakumatt Westgate Mall"] ::
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, theaters and international eateries.
Sole Sad & Invisible
The website of Nakumatt Holdings Limited was hacked by Iranian hackers called Sole Sad & Invisible. The website as of 31 May 2014 shows a message that the website is under construction. There is a new website www.nakumatt.net
Closure and going out of business
Nakumatt began experiencing serious cash-flow issues in 2016. It was unable to meet its financial obligations to landlords, suppliers, and staff. An administrator was appointed to help it re-gain financial footing. However, in December 2019 the retail chain sold the last six branches to Naivas Supermarkets in a deal that will see the Nakumatt brand completely disappear by the end of 2019. Creditors formally voted to liquidate the company on 7 January 2020
References
References
- Morris Kiruga. (20 October 2013). "Supermarkets And Their Peculiar Link With Nakuru". [[Daily Nation.
- "Nakumatt Business Overview". Nakumatt Holdings.
- Ssempijja, David. (4 November 2010). "Nakumatt Takes Over Payless Supermarket Operations". [[New Vision]].
- "Nakumatt to open smaller outlet on Uhuru Highway". NMG.
- James Kariuki, and Charles Mwaniki. (8 November 2016). "Mwau exits Nakumatt with sale of 7.7pc stake". [[Business Daily Africa]].
- David Herbling. (24 July 2013). "Nakumatt Starts Talks On Sale of 25% Stake". [[Business Daily Africa]].
- Jan. 30, Standard Digital {{!}}. "Nakumatt Downtown supermarket in Nairobi was reduced to ashes in a fire on Wednesday.".
- "Website of Nakumatt Holdings Limited". Nakumatt Holdings.
- Paul Wafula. (17 December 2019). "Death of Nakumatt After Revival Efforts Fail". [[Daily Nation]].
- Bonface Otieno. (4 December 2020). "Retail giant folds as creditors make final close of Nakumatt". [[Business Daily Africa]].
- Bonface Otieno. (7 January 2020). "Nakumatt collapses after creditors vote for liquidation". [[Daily Monitor]].
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