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Uchumi plans entry into tanzanian market

Discussion in 'Biashara, Uchumi na Ujasiriamali' started by The Finest, May 27, 2011.

  1. The Finest

    The Finest JF-Expert Member

    May 27, 2011
    Joined: Jul 14, 2010
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    Uchumi Supermarket has announced plans to enter the Tanzanian market and increase it's footprint in Kenya and Uganda. In a new expansion push that the management says will be executed differently from the botched strategy of five years.

    Group Chief Executive Jonathan Ciano said the supermarkets chain plans to open at least five branches by the end of the year with the possibility of opening an additional three. The new branches are projected to gross Sh 7 billion revenue within the next two years. The Dar es Salaam branch should be open any time soon said Mr Ciano.

    In total, the retailer has 16 branches that are operational