Naivas Acquires Nakumatt’s Assets for KSh422 million

Supermarket chain Naivas has acquired Nakumatt Holdings, East Africa’s once biggest supermarket chain, for KSh422 million. Tyson Limited, the property valuer, carried out a market and forced sale valuation of the assets; furniture, fixtures, fittings, and equipment of the retailer’s branches – Nakumatt Mega, Prestige, Lavington, Kisumu, Embakasi and Nakuru. “The total market value of … Continue reading Naivas Acquires Nakumatt’s Assets for KSh422 million