date:Aug 22, 2014
Nakumatt Holdings Ltd., East Africas biggest retail chain by outlets, plans to start trading on the Kenyan stock exchange within five years and cross-list in the region, Managing Director Atul Shah said.
The Kenyan company will sell a 20-per-cent equity stake early next year to fund expansion, Shah said by phone today from Kenyas capital, Nairobi. After four or five years, the Kenyan retailer plans to sell a 20 per cent to 25 per cent stake in an initial public offering on the Nairobi bourse, h