Tag: Tuskys Supermarkets
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 Tuskys amid a family feud for control of the firm. The matter was, however, settled.
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 the chain liquidated to recover their debts.
Fed Up Tuskys Employees Pay Themselves From Cash Tills
Senior employees such as branch managers are leading the charge by paying themselves while dipping into the inventory and walking away with as much as they can amass
Tuskys Siblings Scoff at Resuscitation Plan, Keen on Disposing of Their Stake
Yusuf Mugweru and his other sibling want to sell their stake to the offshore investor or any other buyer who shows concrete interest
Tuskys Looking to Offload Stake to Pay Suppliers
The retail chain is seeking to sell its stake to a consortium comprising of a private equity firm and an international retailer for an undisclosed fee
Tuskys Barred From Paying Directors, Expanding Without Regulator Approval
The retailer's management now under close watch by CAK. Not a single coin will be paid to directors before the interests of suppliers are considered
Tuskys, Sibling Supermarket To Close at 7 pm to Obey Curfew Order
Retail chain is now going big on deliveries with customers in quarantine now choosing to order
Tuskys Names Two New Managers to Drive Growth
he appointments are earmarked to enhance Tusker Mattresses' strategic human capital base with the two chief officers set to be tasked with driving the firm’s Information Technology and Marketing portfolios
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PERSON OF INTEREST
Captain William Ruto: President’s Namesake With a Decorated Career
Captain William Kipkemboi Ruto is officially known by the name William Ruto, which also happens to be President William Samoei Ruto’s official name.
SMART MONEY
Amazing Origin of ‘Pesa’ and How Shilling Overtook Foreign Currencies
With the establishment of individual Central Banks for the three East African countries, Kenya began printing and minting its own shilling currency notes under the mandate given to the Central Bank of Kenya in 19676.
SMART BUSINESS
Engineer Turned Away by 6 Banks Now Owns Premium Hotel Chain
In just 12 years, PrideInn Hotels & Resorts has grown from one hotel with 28 rooms to eight hotels in five counties.
LEADERSHIP
Resignation of 3 Standard Group Directors Signals Big Trouble
Standard Group Directors: Media house announced through its Nairobi Securities Exchange filing that Dr Githinji Gitahi - who was an Independent, Non-Executive Director - had quit effective 10th November, 2023.
ENTERTAINMENT
Tusker Oktobafest Rolls East African Cultures into One
From regional events across Kenya to inaugural gatherings in Uganda and Tanzania, and the Tusker Oktobafest grand finale in Nairobi, the festival harmonized traditions, celebrated diversity, and highlighted the rich cultural tapestry of the East African culture