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Kenya: Nakumatt Debt Crisis Avoidable - Experts
Nation, 26 November 2017
The Kenya National Chamber of Commerce and Industry (KNCCI) is calling for information sharing between companies to avert business risks. Read more »
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Kenya: Waterfront Karen Mall Ditches Nakumatt for Game Stores as Anchor Tenant
Capital FM, 22 November 2017
The Waterfront Mall in Karen has signed South African retailer, Game Stores, as its anchor tenant replacing Nakumatt which was to be the anchor tenant. Read more »
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Kenya: Tuskys Takes Over Two More Nakumatt Outlets
Nation, 21 November 2017
Retail chain Tuskys has taken over shop space vacated by troubled Nakumatt Holdings in Kisii and Kisumu, growing its branch network to 64 stores. Read more »
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Kenya: Agency Halts Tuskys, Nakumatt Merger
Nation, 15 November 2017
The planned merger of Nakumatt Holdings Ltd and Tuskys Supermarkets has been halted. Read more »
Authorities Halt Kenya's Nakumatt Supermarket Merger
The Competition Authority of Kenya has said that internal wrangling between the shareholders of Tuskys, the company that offered to save Nakumatt, East Africa's biggest supermarket chain, should first be resolved before the merger can be considered.
InFocus
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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 »
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Nakumatt, the region's biggest supermarket, considers that the administration route whereby the court, creditors or company directors appoint a licensed insolvency practitioner to ... Read more »
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Tusker Mattresses Limited has confirmed plans to aid the recovery of Nakumatt Holdings through a strategic restocking programme after Nakumatt began experiencing financial ... Read more »
