(Last Updated On: April 21, 2017)
A couple of months ago, we reported on Uchumi’s financial challenges. Basically, they were not able to pay their suppliers hence it led to a boycott. The end result was a bunch of empty shelves which led to company filling the shelves with popcorn bags.
It looks like Kenya’s largest supermarket, Nakumatt, is starting to experience similar issues. Recently, we have seen it sell various portions of the business to raise money to reduce its Ksh18 billion debt that is choking the company.
Various photos have started emerging on social media of empty shelves in various branches owned by Nakumatt.
Nakumatt has quickly responded to protect its reputation by restocking some of those shelves and claiming everything is okay.