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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 High Court has ordered the liquidation of Tuskys Supermarkets, a win for the 60 creditors owed close to Ksh20 billion that have...
BUSINESS TODAY
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
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
“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
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 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
Nine out of 10 businesses in Kenya are family-owned. Unfortunately, if a family owned business survives the problems associated with early deaths of...
MOHAMED ABDULLAHI
The firm which currently has over 70 branches has been ramping up expansion following the acquisition of a 30% minority stake worth Ksh6...
MARTIN SIELE
![Tuskys' plans to raise Ksh2.1 billion in a debt financing deal seem to have stalled. [Photo/ Taalamu]](https://i0.wp.com/businesstoday.co.ke/wp-content/uploads/2022/07/418-tuskys-supermarkets.jpg?fit=680%2C510&ssl=1)
![Stephen Mukuha (right) and George Gachwe in court in 2016. [Photo/ Courtesy]](https://i0.wp.com/businesstoday.co.ke/wp-content/uploads/2022/02/steve.jpg?fit=680%2C382&ssl=1)
![The scheduled auction makes prospects of the chain's come-back less likely. [Photo/ Courtesy]](https://i0.wp.com/businesstoday.co.ke/wp-content/uploads/2022/02/14123668_4_1032x774.jpg?fit=680%2C510&ssl=1)
![A Naivas supermarket outlet. The firm is ramping up expansion across the country. [Photo/ NMG]](https://i0.wp.com/businesstoday.co.ke/wp-content/uploads/2021/12/Naivas-Supermarket.jpeg?fit=680%2C453&ssl=1)
