KENYA – IFC backed Kenyan retailer Naivas Supermarket has opened its fourth store in Nakuru town, as local chain Cleanshelf…
Read MoreTag: 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…
Read More