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Atul Shah

November 8, 2012

Nakumatt is a Kenya-based family-run retailer. It wants to be the Walmart of Africa. CampdenFB speaks to Atul Shah about the family’s ambitions – and his Olympic plans. 

Atul Shah, the chief executive of east African retailer Nakumatt, is in the middle of an animated discussion with Olympic medallist Paul Tergat. Over a pot of English breakfast tea, Shah is telling his fellow Kenyan – who held the world marathon record between 2003 and 2007 – that they’ve got a lot of work to do. There are many people to speak to, to get on board, says Shah, if his vision is to be realised.

February 10, 2012

The family behind Nakumatt wants to maintain majority control of the east African retailer, even if additional investors are brought in. 

The family behind Nakumatt wants to maintain majority control of the east African retailer, even if additional investors are brought in.

That’s according to a spokesman for the family business, who said plans to sell a stake to investors are at an early stage.

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