Nakumatt, Uchumi, decades-long Ebrahims and Ukwala brands have defined Kenya’s shopping culture for many years. Today, all of them have left the stage in a painful story of mismanagement, debt and others looting. When Choppies ventured into the Kenyan market five years ago, it had hoped to capitalise on the exit of Ukwala and Nakumatt. […]
Tuskys today launched an amazing partnership with the cooperative movement through the Cooperative Corona virus Response Committee (CCRC). The initiative was launched in a bid to respond to the needs of members of different cooperatives around the country and other vulnerable populations during this period. The chief guest was Ali Noor, PS State Department of […]
A Tuskys store on Muindi Mbingu Street, Nairobi. The supermarket chain has not been paying its suppliers and landlords, blaming delays on the impact of the coronavirus pandemic. FILE PHOTO | NMG Manufacturers want the government to urgently intervene and oversee the payment of money owed to Tuskys supermarkets’ suppliers to avoid a full-blown debt […]
A Tuskys store on Muindi Mbingu Street, Nairobi. The supermarket chain has not been paying its suppliers and landlords, blaming delays on the impact of the coronavirus pandemic. FILE PHOTO | NMG Manufacturers want the government to urgently intervene and oversee the payment of money owed to Tuskys supermarkets’ suppliers to avoid a full-blown debt […]
Rwanda Capital Market Authority (CMA) has approved the first South African healthcare company, RH Bophelo Limited to be cross-listed on the Rwanda Stock Exchange (RSE). RH Bophelo entry on the local bourse makes it the 9th company to be listed on the RSE stock market but also comes at a time when another South African […]
Rwanda Capital Market Authority (CMA) has approved the first South African healthcare company, RH Bophelo Limited to be cross-listed on the Rwanda Stock Exchange (RSE). RH Bophelo entry on the local bourse makes it the 9th company to be listed on the RSE stock market but also comes at a time when another South African […]
Rwanda’s cement factory Cimerwa PPC has said that it is currently in the process of listing its shares on the Rwanda Stock Exchange (RSE). According to the newly appointed CEO of Cimerwa, Albert Kipkemoi Sigei, the company is under a process of being listed on the local bourse. Without revealing details, Sigei said; “Yes it […]
Business He, however, couldn’t disclose the amounts owed to suppliers at the moment. The competition watchdog has started investigating supermarkets over delayed payments to suppliers without justification. In a notice yesterday, Competition Authority of Kenya (CAK) Director General Wang’ombe Kariuki requested local suppliers owed by supermarkets beyond a 90-day credit period to submit information to […]
A Carrefour outlet in Nairobi. FILE PHOTO | NMG Car & General (Kenya) has completed signing a lease deal for the refurbished Nairobi Mega property on Uhuru Highway, paving the way for French retailer Carrefour to open its store in June. The automobile dealer in its half-year financial report disclosed that Carrefour will be the […]
Business “This drastic change can be attributed to the panic trading brought about by Covid-19.” Investors have lost Sh173 billion on companies listed at the Nairobi Securities Exchange (NSE) in the last two months as the impact of the coronavirus pandemic continues to be felt across the world. According to the latest market data from […]
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