Borrowers Tie Lenders in Web of Litigation as Defaults Rise

Borrowers are seeking temporary shelter in the corridors of justice to shield themselves from banks that are forced to seize properties following a...

BT Correspondent3 Mins read

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

FEATURED ARTICLE

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 TODAY1 Mins read

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

FEATURED ARTICLE

Tuskys Chairman, CFO Exit as Empire Crumbles

Key top-level exits have hit supermarket chain Tuskys even as the company struggles to turn its decline around. Once one of Kenya's largest...

MARTIN SIELE1 Mins read

FEATURED ARTICLE

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 Reporter1 Mins read

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

FEATURED ARTICLE

T-Mall: Tuskys Out, Quickmart In

QuickMart has confirmed that it will occupy the T-Mall space along Lang'ata Road in Nairobi previously occupied by struggling retailer Tuskys. It expects...

MARTIN SIELE1 Mins read

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

FEATURED ARTICLE

Tuskys Director Stephen Mukuha Passes Away in Nairobi

Stephen Mukuha, a Director of retail chain Tuskys Supermarkets, has pássed away. He held a 17.5 percent stake in Tuskys. According to family...

BUSINESS TODAY1 Mins read

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

FEATURED ARTICLE

Tuskys’ Iconic CBD Branch Set for Auction

Tuskys is set to lose its largest store after Equity Bank initiated processes to auction its Imara building in the Nairobi Central Business...

MARTIN SIELE2 Mins read

OPINION SMART BUSINESS

How To Save Crumbling Family Businesses In Kenya

Family businesses control a significant portion of the global economy. In Spain, for example, about 75% of the businesses are family-owned and contribute...