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Nakumatt in partnership talks with rival Tuskys – reports
Nakumatt, the troubled Kenyan supermarket chain, is in talks with Tuskys, another Kenyan retailer, to allow Nakumatt restock its supermarkets and return to stability
September 18, 2017
Companies
To cut costs, Nakumatt will close more poorly performing branches in Uganda and Kenya
Nakumatt Holdings, the Kenyan retailer, has said it plans to close more branches in Kenya and Uganda in a restructuring exercise it says will save it Shs52.8bn (KShs1.5bn) annually.
May 9, 2017
Companies
Mergers & Acquisitions
Nakumatt to sell 25% stake for $75 million to reduce debt burden
Kenyan supermarket chain, Nakumatt Holdings, will sell a 25% stake to a foreign fund for $75 million, its managing director said on Wednesday.
January 19, 2017
Companies
Nakumatt says it is facing cash flow problems, seeks financiers
Nakumatt Holdings, the Kenyan supermarket chain with a presence in Kenya, Uganda, Rwanda, and Tanzania, said in a statement on Thursday that it is facing cash flow problems and is speaking to local and international financiers for a capital injection.
October 27, 2016