Profit shy Nakumatt to open more outlets

Despite failing to make a profit in the first year of operation Nakumatt, a Kenyan departmental store has reported that it managed to register a cash break in its first year of operation in Rwanda. The Country Managing Director, Adan Ramata, said on Monday in an exclusive interview with Business Times that the company’s Rwandan unit has been focusing on improving the store with expectations of registering profit in the near future.