The Mega Mall on Uhuru Highway which hosted Nakumatt Mega. Nakumatt owner owes lenders billions of shillings. www.businesstoday.co.ke

The Collapse of Supermarket Chains: Evidence and Lessons for Retail Giants

There are many factors cited as having contributed to the death of Kenya’s retail giants. These factors include gross mismanagement, poor financial decisions,...

BUSINESS TODAY5 Mins read

FEATURED STORY

Nakumatt Postpones 2nd Creditors Meeting Due to Financial Audit Delays

The High Court had last March directed the administrator to ensure the hosting of the second creditors meeting

BT Correspondent2 Mins read

FEATURED STORY

Struggling Uchumi needs Sh4b urgently, CEO reveals

He reveals the supermarket chain's management is following different channels to secure Ksh 7 billion of financing but declined to name potential suitors