Is Nakumatt still operating in Kenya?

A Nakumatt branch has been secretly operating above Naivas Prestige Plaza branch, selling goods at steep discounts. The Prestige Plaza space is one of the six outlets that Naivas acquired from Nakumatt.

Does Nakumatt exist?

Nakumatt was a Kenyan supermarket chain….Nakumatt.

What happened Nakumatt Supermarket?

In 2018, the erstwhile giant retailer in the East African region, Nakumatt, collapsed and entered into a voluntary administration to protect itself from creditors who were demanding repayment of debts amounting to over $300 million. And in January, the creditors voted to liquidate the retailer.

When was Nakumatt founded?

1987
Nakumatt/Founded

Who is the owner of Nakumatt in Kenya?

Nakumatt is a wholly Kenyan, privately held company, owned by the Atul Shah family. In July 2013, Kenyan print media indicated that the chain planned to sell a 25% stake to yet an unidentified investor and use the funds for regional expansion.

When was the website of Nakumatt Holdings Limited hacked?

The website of Nakumatt Holdings Limited was hacked by Iranian hackers called Sole Sad & Invisible. The website as of 31 May 2014 shows a message that the website is under construction. There is a new website www.nakumatt.net Nakumatt began experiencing serious cash-flow issues in 2016.

How many Nakumatt stores are there in Uganda?

In November 2010, Nakumatt expanded its footprint in Kampala by acquiring Payless Supermarket, a Ugandan supermarket chain with two stores in the Kampala suburbs of Bugoloobi and Bukoto, bringing the number of stores in Uganda to three. The initial investment in the store in Kololo was approximately US$3 million.

When was the fire at Nakumatt in Nairobi?

A Nakumatt store in Nairobi suffered a massive fire on 28 January 2009, killing about 29 people.