Accolades for East Africa's Nakumatt Don't End Financial Woes
Nakumatt, the region's biggest supermarket, considers that the administration route whereby the court, creditors or company directors appoint a licensed insolvency practitioner to oversee the books of the business, provides it with the best opportunity to effectively restructure.
Capital FM, 31 October 2017
Troubled retailer Nakumatt has applied for an administration order under the insolvency act. Read more »
Rwanda: Nakumatt Wins Accolade
Independent (Kampala), 30 October 2017
When the Rwanda Revenue Authority (RRA) recently announced Nakumatt Rwanda as the winner of its Best Taxpayer Award of 2016, watchers in other markets where the regional retailer… Read more »
The region's Nakumatt stores are experiencing financial challenges with Kenya's store employees not being paid, while the Uganda branch is battling landlords over unpaid rent and ... Read more »
The management of the shopping complex says the ailing retailer's agents and employees can now only access the premises to remove their "stock, items and property". This follows ... Read more »
One of the Nakumatt outlets in Kampala.