Supermarkets
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
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.
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.