Nakumatt ; End of Road for Nakumatt holdings, creditors unanimously voted to dissolve it

Nakumatt supermarket is completely dead. PHOTO | BMS

The once largest Supermarket in Kenya is now completely dead. The 

supermarket chain Nakumatt Holdings' view of reviving it hit a dead end. This is after Nakumatt creditors unanimously voted to dissolve the outfit after all plans to restore it failed.

Nakumatt was regarded as the largest Kenyan retailer, with 62 branches across the region, 45 in Kenya, 9 in Uganda, 5 in Tanzania and 3 in Rwanda and a Gross turnover of KSh 52.2 billion.

According to reports, the biggest creditors are banks, who are owed KSh 6.9 Billion, Kenya Revenue Authority (KRA) KSh 1.8 Billion and Trade Creditors KSh 18.6 Billion.



Having assessed Nakumatt’s last audited accounts as of February 2016, and management accounts as of 31 December 2017, Nakumatt’s total debt was KSh 35.8 Billion.