Nakumatt
Nakumatt warehouse taken over unpaid taxes
URA’s decision is set to exacerbate Nakumatt’s troubles with other creditors who are already short on patience.
BUSINESS DAILY
Tuskys ‘Dream Team’ exits but the dream lives on
The last of the team members to leave Tuskys corporate suites is Joanne Wanjala, who was in charge of Corporate Communications and PR.
BT Correspondent
Nakumatt seeks cover in court to evade auctioneers
Troubled retail chain Nakumatt has secured a court order barring the owners of the mall that hosts its Nakumatt Mega store on...
BUSINESS DAILY
Govt seeks banks’ help to rescue Nakumatt
The meeting came in the wake of a second petition seeking to have Nakumatt Holdings Ltd declared insolvent for failing to pay over...
BUSINESS TODAY
Nakumatt woes heighten as another creditor seeks liquidation
The petition comes barely two months since another company, African Cotton Industries Ltd, also moved to court seeking to recover over Sh70 million
BUSINESS TODAY
Troubled retail chains face closer scrutiny
Nakumatt and Uchumi supermarkets are currently undergoing a cash crunch which has adversely affected supplies
BUSINESS TODAY
Uchumi secures rescue package worth billions
Uchumi Supermarket has finally clinched a strategic investor in a deal that is expected to bring the struggling retailer back on its feet....
BUSINESS TODAY
Lawyer offers recovery tips to Nakumatt and other troubled firms
Troubled companies should consider reorganisations such as standstill arrangements and debt conversion into equity to help them stay afloat in a tough business environment,...
BUSINESS TODAY
TRM kicks out Nakumatt over Sh51 million rent arrears
Nakumatt, Kenya’s leading retail chain, is facing an uncertain future after one of its creditors, Thika Road Mall (TRM), attached large amounts of...
DAILY NATION
