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Tanzania: Nakumatt Store Shut Over Rent, Empty Shelves
Citizen, 17 October 2017
The management of Mlimani City closed Nakumatt's shop on yesterday after failing to comply with contractual requirements, including paying rent. Read more »
Nakumatt's Tanzanian Creditors Want Their Money
Suppliers of goods to the troubled Nakumatt retail chain are planning a meeting to discuss how to salvage what the troubled retailer owes them. This comes after Nakumatt Mlimani City outlet in Dar es Salaam was closed by the landlord because of failure to pay rent.
The management of Mlimani City closed Nakumatt's shop after failing to comply with contractual requirements, including paying rent.
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Tanzania: Nakumatt Creditors Meet On Next Course of Action
Citizen, 18 October 2017
Suppliers of goods to Nakumatt Supermarket now plan a meeting on Saturday to discuss how to salvage what the troubled retailer owes them. This comes after Nakumatt Mlimani City… Read more »
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Tanzania: Suppliers of Goods to Troubled Nakumatt Set to Meet On Saturday
Citizen, 17 October 2017
Suppliers of goods to Nakumatt Supermarket now plan a meeting on Saturday to discuss how to salvage what the troubled retailer owes them. Read more »
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Tanzania: Multinational Retailers Exit Tanzania Over Profits
East African, 9 October 2017
Tanzania is becoming an unfavourable destination for multinational retailers due to low profitability. Read more »
InFocus
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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 ... Read more »
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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 »
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A month after closing down two outlets in Nairobi, troubled regional retail chain Nakumatt has closed stores in Acacia mall in Kololo, Village mall in Bugolobi, and Victoria mall ... Read more »
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The region's biggest supermarket has sparked rumours of collapse on social media because of empty shelves in several stores. Read more »
