Firms need to go big on innovations, corporate governance and cost management, experts say Kampala, Uganda | THE INDEPENDENT | The exit of multinational companies in Uganda including South Africa’s largest grocery retailer Shoprite Holdings exposes the challenges that businesses in the country are grappling with to remain afloat. Several …
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Regional retailer stable in Kigali despite group turbulence Kigali, Rwanda | THE INDEPENDENT | When the Rwanda Revenue Authority (RRA) recently announced Nakumatt Rwanda as the winner of its Best Taxpayer Award of 2016, watchers in other markets where the regional retailer has a footprint took notice. Many of them, …
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Government drafting guidelines to deal with defaulting retail chains Kampala, Uganda | JULIUS BUSINGE | Supermarkets in Uganda have made it a habit not to pay or delay payments to suppliers of goods and services in time but that will soon come to an end once the government’s proposed …
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Kampala, Uganda| THIS WEEK | Regional retail chain, Nakumatt Holdings, could soon be leaving the Ugandan market after Uganda Revenue Authority closed its head office at Kumambogo Gayaza and the main branch at Oasis Mall over tax arrears. The Kenyan supermarket chain, which started operations in Uganda in June 2009 pioneered the 24-hour …
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Government sets terms for Nakumatt to pay suppliers Kampala, Uganda | JULIUS BUSINGE |Government of Uganda through the Ministry of Trade has given Nakumatt Holdings, a regional retail chain up to end of this month to have secured an investor to clear arrears for suppliers and landlords . In an …
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Two outlets to be closed in Kampala in the new plan Regional retail chain, Nakumatt Holdings, is targeting Ksh1.5billion (Shs51.1bn) in cost cuts annually with the closure of several branches across East Africa starting this month. The chain has already closed Katwe outlet in Kampala over accumulated rent arrears estimated …
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Retail chain finalises plans to pay suppliers debts, revamp outlets Finally, there is good news at the outlets of Nakumatt Holdings in Uganda following an announcement by Atul Shah, the group managing director, that it was getting a US$75 million (Approx. Shs282.4 billion) capital injection. Shah said in a …
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Nakumatt: Unstable US$150m debt sends jitters among retail supermarket suppliers Business at Nakumatt supermarkets in Uganda has been slowly declining for months but recent persistent reports that all is not well at the parent company of the Kenya-based regional retail giant may have made a bad situation worse. The Nakumatt …
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Following a series of speculative social media posts, Nakumatt Holdings has come out to say that “despite a number of unforeseen business challenges”, they are undertaking reforms and seeking financing that will stabilize their operations across East Africa. “We wish to reassure all our stakeholders that the business is solid despite …
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By Patrick Kagenda Will Kenyan, South African giants leave Ugandan kiosks in the mud? As Kenya’s leading supermarket chain, Nakumatt gets ready to open shop in Kampala, it seems set on competition with Kenyan rival Uchumi and South African stores Game and Shoprite. Retail market watchers, however, say the Nakumatt …
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