Nakumatt's Presence in Tanzania Reduced to One Store
The struggling retailer has shutdown a third outlet after getting evicted from a building in Moshi for failure to pay rent for over a year. The retailer's financial woes have worsened with several outlet closures in Kenya and Uganda, leaving Rwanda as the only market seemingly immune from the financial meltdown.
Former East African Community secretary general Richard Sezibera, Arusha Mayor Gaudence Lyimo and Nakumatt MD Atul Shah at the retailer’s Arusha branch.
Nation, 10 December 2017
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