Tag: Nakumatt Holdings


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, tax compliance issues and massive losses

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

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

Nakumatt closes two outlets in Western

The two branches were opened in 2015 at a cost of Ksh 200 million as part of the firm’s strategy to enhance its presence in county headquarters across the country

Nakumatt named best taxpayer in Rwanda

Nakumatt Rwanda picked the 2016 best Taxpayer and the best Electronic Billing Machine (EBM) user awards

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Madatally Manji: The First Man to Manufacture Biscuits in Kenya

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Angry Standard Group Employees Wrestle With Auctioneers

In what looked like a movie, Standard Group employees moved to stop the auctioneers from carrying away the seats.