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The Woes of Kenya's Multi-Million Dollar Supermarket Chain

Kenya's Tuskys supermarket chain was established in 1990. Its financial woes surfaced in February 2020, when the retailer announced a restructuring programme that saw the retrenchment of several staff members. According to Brian Wasuna of The Nation, the supermarket chain was selling goods worth millions of U.S. dollars every year, which logically, should have translated into huge profits. Now, cash-strapped Tuskys has U.S.$379,000 in its only bank account, as it fights at least 26 cases filed by creditors seeking millions in payments that have been outstanding since 2016. Landlords alone are owed in excess of US.$100,000, while other firms are claiming in excess of U.S.$2 million. The little money the retailer is still making from sales has been spent on court cases and settling debt owed to suppliers.

Evans Habil/Nation Media Group

Tuskys Supermarket on Kenyatta Avenue in Nairobi (file photo).

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