Archive
Nakumatt takes over Payless Supermarket operations
Publish Date: Nov 04, 2010
Newvision Archive
  • mail
  • img

By David Ssempijja

EAST African supermarket chain Nakumatt Holdings has bought Payless Supermarket.
“We bought them (Payless Supermarket) out. Stores formerly occupied by Payless will be operating under our management in a few days.

“We are making infrastructural improvements,” Nakumatt Uganda branch manager, Joshua Ng’ang’a, said.

He said Nakumatt retained 80 former Payless workers who are undergoing “intensive training to gain the required standards.”

Ng’ang’a disclosed that some sh1.34b had been injected in the takeover and premise refurbishment.

Branches taken over include the Bugolobi and Bukoto.

“But these small branches will just keep our name in these locations as we plan to set up bigger stores in the same areas,” Ng’ang’a revealed.

It is not yet clear what struck Payless Supermarket out of business.

“Payless Supermarket could have faced problems like any other business and management found out that business could not go beyond a certain point.

“That is why Nakumatt is taking over,” one of the former managers noted.

For the last two weeks, ‘beehive’ activities have been going on in locations formerly occupied by Payless Supermarket with banners reading ‘Nakumatt opening soon.’

Nakumatt runs over 23 stores in major towns like Mombasa, Kisumu, Eldoret, Meru, Kisii, Kampala and Kigali.

It opened its doors to Kampala shoppers in June last year with a $3m (about sh6.6b) initial investment, initiating a new 24-hour service.

This forced major competitors in the Kampala upscale areas to shape up.

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact digital@newvision.co.ug

  • mail
  • img
blog comments powered by Disqus
Also In This Section
FORMER president Dr. Apollo Milton Obote has been honoured for his distinguished service to Busoga College Mwiri and the nation....
THE Ministry of Health has appealed to religious groups to counsel men to stop having extramarital sex to stem the raising rates of HIV infections....
THE Chinese community in Uganda on Tuesday celebrated their 62nd independence anniversary....
MAKERERE University has sued the National Insurance Corporation (NIC) over a sh16.7b pension savings package it claims the insurance giant owes it....
PRESIDENT Yoweri Museveni will lead the alumni of the University of Dar-es-Salaam in Uganda to a fundraising drive targeting sh1b for the Tanzania-based institution....
THE UPDF officers, dressed in neatly pressed uniforms complete with gleaming black boots, took to the podium, many accompanied by their spouses. Then, they were decorated....
Do you think banning the sale of single cigarette sticks will help regulate tobacco production?
yes
No
Can't Say
follow us
subscribe to our news letter