92% of Nakumatt Creditors Vote to Dissolve Supermarket Chain

Nakumatt creditors on Tuesday voted unanimously to wind down what was once  East Africa’s largest supermarket chain after failed attempts to turnaround it’s business. The liquidation plan was presented by Peter Kahi, the court-appointed administrator saying any further efforts would be very costly. “An attempted turnaround of the business would be very costly and the … Continue reading 92% of Nakumatt Creditors Vote to Dissolve Supermarket Chain