Nakumatt Now Closes Another Branch in Nairobi
The family-owned business is fighting to cut back on massive debts owed to suppliers estimated at U.S.$145 million as at February 2015, a situation that has been pilling pressure on its operations.
Nakumatt Junction on Ngong Road in Nairobi.
Troubled retail chain Nakumatt will use the country's "biggest" retailer, Tuskys', supply chain as the two retailers look into ways of aligning their operations including ... Read more »
High Court Judge Joseph Onguto has ordered Nakumatt to publish an advertisement inviting all creditors interested in appearing in the ongoing insolvency case to file their court ... Read more »
The retailer has reportedly issued show-cause and suspension letters to the employees who are among those who took to Mombasa Road on August 1 to protest against the delay of their ... Read more »