KENYA – IFC backed Kenyan retailer Naivas Supermarket has opened its fourth store in Nakuru town, as local chain Cleanshelf…
Read MoreNaivas, Cleanshelf open new branches in Nakuru, take over spaces of struggling Tuskys, Ukwala
Tag: Nakumatt
Kenya’s retailer Ukwala mulls exiting business over unpaid debts
KENYA – Kenya retailer, Ukwala Supermarkets has applied to the court for the permanent closure of business revealing that it…
Read MoreAudit shows Nakumatt lost US$178 million in fraud
KENYA – Retail chain Nakumatt has suffered about US$178 million in a fraud, which the management in a report attributed…
Read MoreShoprite takes up Westgate and Garden City spaces
KENYA – South African retailer Shoprite will take up the Westgate and Garden City; as part of the two of…
Read MoreNakumatt bid to sack 800 sparks war with union
KENYA – Troubled retailer Nakumatt has embarked on a massive layoffs plan targeting 800 employees in a move that has…
Read MoreTuskys takes over management of Nakumatt’s operations
KENYA – Nakumatt Holdings Administrator Peter Kahi has announced the appointment of Tusker Mattresses Limited as the new managers for…
Read MoreCarrefour spreads wings in Kenya amidst Nakumatt woes
KENYA – Carrefour, one of the largest hypermarket chains in the world, has opened its fourth outlet at Junction Mall in Nairobi,…
Read MoreRegulator rejects Tuskys-Nakumatt deal, asks for revision
KENYA – The competition regulator has rejected retail chain Tuskys’ proposed merger with troubled Nakumatt Supermarkets, arguing that the application…
Read MoreChoppies builds US$200m war chest for branch expansion
KENYA – Botswana’s Choppies plans to open between 20 and 25 branches in Kenya, as it races to take advantage of the market gap…
Read MoreTuskys faces probe over Nakumatt stocking plan
KENYA – The competition watchdog is investigating a deal in which supermarkets chain Tuskys is funding the restocking of troubled…
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