Nakumatt supermarkets in turmoil
Nakumatt supermarkets in turmoil [Business Africa]
With a turnover of $600 million, 7,000 employees and 45 stores in several countries of East Africa, the Nakumatt shops, flourishing in the 80 ‘s and today still highly reputed, face a financial storm due to mismanagement and competition.
Kenya is particularly affected, and that is what we will see in this story by Ruth Lago and Elayne Wangalwa.