Borrowers Tie Lenders in Web of Litigation as Defaults Rise

In early June, Equity placed TransCentury and East Africa Cables under receivership after declining a request to write off over Ksh2.8 billion ($20...

BT Correspondent

The chain's branch network has shrunk significantly over the past five years, from over 60 to less than 7 outlets.

FEATURED STORY

Tuskys’ Ksh20B Debt: End of The Road as Court Orders Liquidation

The High Court has ordered the liquidation of Tuskys Supermarkets, a win for the 60 creditors owed close to Ksh20 billion that have...

BUSINESS TODAY

Tuskys' plans to raise Ksh2.1 billion in a debt financing deal seem to have stalled. [Photo/ Taalamu]

FEATURED STORY

Tuskys Chairman, CFO Exit as Empire Crumbles

Once one of Kenya's largest chains, Tuskys is a pale shadow of itself, struggling under the weight of Ksh19.6 Billion in debt owed...

MARTIN SIELE

FEATURED STORY

Tuskys’ Five-storey Building In CBD Set For Auction

The High Court has allowed Equity bank to auction Tuskys’ five-storey building in Nairobi’s central business district over a Ksh650 million debt that...

BT Reporter

Tuskys has seen its branch network shrink from over 60 to less than 10 at the moment.

FEATURED STORY

T-Mall: Tuskys Out, Quickmart In

“We are taking over the (T-Mall) outlet in May from Tuskys Supermarket who exited it a few months ago,” Quickmart's Sales and Marketing...

MARTIN SIELE

Stephen Mukuha (right) and George Gachwe in court in 2016. [Photo/ Courtesy]

FEATURED STORY

Tuskys Director Stephen Mukuha Passes Away in Nairobi

In 2016, he alongside his brother Gachwe Sammy Gatei who also holds a 17.5% stake was charged with theft of Ksh1.64 billion from...

BUSINESS TODAY

The scheduled auction makes prospects of the chain's come-back less likely. [Photo/ Courtesy]

FEATURED STORY

Tuskys’ Iconic CBD Branch Set for Auction

The auction makes prospects of the chain's come-back less likely. It notably comes amid a push by many of Tuskys' creditors to have...

MARTIN SIELE

OPINION SMART BUSINESS

How To Save Crumbling Family Businesses In Kenya

Nine out of 10 businesses in Kenya are family-owned. Unfortunately, if a family owned business survives the problems associated with early deaths of...