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Nakumatt: Another ailing Kenyan company
Rank: Elder Joined: 6/23/2009 Posts: 14,324 Location: nairobi
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The less we talk about this company, the better COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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Rank: Elder Joined: 6/23/2009 Posts: 14,324 Location: nairobi
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hardwood wrote:Galleria  How many branches remain open will be a better gauge of the imminent collapse COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 6/23/2009 Posts: 14,324 Location: nairobi
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Ericsson wrote:obiero wrote:Juojo wrote:Walked into Nakumatt Mega and could literally smell the stench of death.The shelves were empty. The look on the faces of the few employees hanging around discussing in small groups was heartbreaking
I visited it too, just yesterday and it was a shell.. Luckily, Tuskys have today put forward a request for takeover.. Hope that the same is accepted Obiero link On September 17th, the exchange bar told it http://www.businessdaily...137160-u6essh/index.html COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI
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obiero wrote:Ericsson wrote:obiero wrote:[quote=Juojo]Walked into Nakumatt Mega and could literally smell the stench of death.The shelves were empty. The look on the faces of the few employees hanging around discussing in small groups was heartbreaking
I visited it too, just yesterday and it was a shell.. Luckily, Tuskys have today put forward a request for takeover.. Hope that the same is accepted Obiero link On September 17th, the exchange bar told it http://www.businessdaily...37160-u6essh/index.html[/quote]  Hiyo ni link ya business daily ya today's newspaper. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,324 Location: nairobi
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Ericsson wrote:obiero wrote:Ericsson wrote:obiero wrote:[quote=Juojo]Walked into Nakumatt Mega and could literally smell the stench of death.The shelves were empty. The look on the faces of the few employees hanging around discussing in small groups was heartbreaking
I visited it too, just yesterday and it was a shell.. Luckily, Tuskys have today put forward a request for takeover.. Hope that the same is accepted Obiero link On September 17th, the exchange bar told it http://www.businessdaily...37160-u6essh/index.html[/quote] Hiyo ni link ya business daily ya today's newspaper. Exactly. Never ask me for a link since I get news months in advance COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI
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obiero wrote:Ericsson wrote:obiero wrote:Ericsson wrote:obiero wrote:[quote=Juojo]Walked into Nakumatt Mega and could literally smell the stench of death.The shelves were empty. The look on the faces of the few employees hanging around discussing in small groups was heartbreaking
I visited it too, just yesterday and it was a shell.. Luckily, Tuskys have today put forward a request for takeover.. Hope that the same is accepted Obiero link On September 17th, the exchange bar told it http://www.businessdaily...37160-u6essh/index.html[/quote] Hiyo ni link ya business daily ya today's newspaper. Exactly. Never ask me for a link since I get news months in advance Show the quote with the date where you said Tuskys will takeover Nakumatt maybe sikuiona Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Meanwhile, Nakumatt asking suppliers to restart supplies, goods will be received on consignment, and a bank guarantee will ensure suppliers get paid monthly after verified stock take. No talk yet of clearing the billions they've siphoned. I feel bad for the suppliers...this is like being addicted to heroin. I also wonder which bank is putting their name to those guarantees? There is no collateral. Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 6/23/2009 Posts: 14,324 Location: nairobi
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Ericsson wrote:obiero wrote:Ericsson wrote:obiero wrote:Ericsson wrote:obiero wrote:[quote=Juojo]Walked into Nakumatt Mega and could literally smell the stench of death.The shelves were empty. The look on the faces of the few employees hanging around discussing in small groups was heartbreaking
I visited it too, just yesterday and it was a shell.. Luckily, Tuskys have today put forward a request for takeover.. Hope that the same is accepted Obiero link On September 17th, the exchange bar told it http://www.businessdaily...37160-u6essh/index.html[/quote] Hiyo ni link ya business daily ya today's newspaper. Exactly. Never ask me for a link since I get news months in advance Show the quote with the date where you said Tuskys will takeover Nakumatt maybe sikuiona Bure kabisa. You even commented on the same post number #391 & #392 http://m.wazua.co.ke/for...&m=806406#post806406 COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI
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http://kenyanwallstreet....-tuskys-merger-approved
Owners of Nakumatt Holdings will cede 51% stake in the company if the deal to merge with Tuskys Supermarkets is approved by the Competition Authority of Kenya, as per the bankruptcy proceedings at the high court on Friday 13th October 2017. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Nakumatt: Another ailing Kenyan company
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