Massmart Holdings Ltd, the third largest distributor of consumer goods in Africa and a leading retailer of general merchandise, liquor and home improvement equipment will invest more than $91 million in Tanzania in the next 10 years.
The South Africa-based company will open a supermarket in November under its retail chain, Game Stores, a subsidiary specialising in general merchandise.
Grant Pattison, Massmart's chief executive officer told The EastAfrican that the supermarket will offer the widest range of general merchandise under one roof. â€œThe Game expects to invest the $91.2 million in premises, establishment costs, import duties, value added and corporate taxes and salaries,â€ said Mr. Pattison. He was speaking on the phone from Durban.
The supermarket will create about 50 permanent and 60 part-time jobs. Indirect employment will be created in the banking, auditing, transport, recruitment, security, cleaning, maintenance and import and customs clearing sector.
The managing director of Game Stores, Fanus Nothnagel, said the supermarket â€œplans to stock locally manufactured products wherever possible.â€