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Nakumatt: Another ailing Kenyan company
Lolest!
#61 Posted : Tuesday, November 01, 2016 6:43:52 AM
Rank: Elder

Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
Our public sector thieving has now moved to private sector. The problem with private sector is the effect will be felt faster
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
Mainat
#62 Posted : Tuesday, November 01, 2016 7:02:10 AM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Corporate governance (lack of) will wilt our economy.


But there is also something that doesn't add up. Our economy can't be growing at "5.9%" which is faster than last year, yet no business is exceeding performance expectations...
Sehemu ndio nyumba
maka
#63 Posted : Tuesday, November 01, 2016 7:34:39 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Mainat wrote:
Corporate governance (lack of) will wilt our economy.


But there is also something that doesn't add up. Our economy can't be growing at "5.9%" which is faster than last year, yet no business is exceeding performance expectations...


Sad
possunt quia posse videntur
Gatheuzi
#64 Posted : Tuesday, November 01, 2016 8:00:21 AM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
If Uchumi had financial muscles it could have used this God sent opportunity to recoup its lost market share. Too bad that they too are in ICU. But not to worry all yo middle class, someone will fill the gap that will be left once Nakumatt gets burried (maybe Chadarana or some international outfit). Local supermarkets will also gain from the spoils aka Tuskys, Naivas etc. So in short we need not cry over their mismgt.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
KulaRaha
#65 Posted : Tuesday, November 01, 2016 8:20:19 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
Mainat wrote:
Corporate governance (lack of) will wilt our economy.


But there is also something that doesn't add up. Our economy can't be growing at "5.9%" which is faster than last year, yet no business is exceeding performance expectations...


If you strip out SGR, and probably most scandals which are accounted for as development growth, we would be doing barely 1%.
Business opportunities are like buses,there's always another one coming
watesh
#66 Posted : Tuesday, November 01, 2016 9:54:49 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
Meanwhile, Nakumatt Rwanda is opening up two more branches early next year in Kagugu and Ramera
Angelica _ann
#67 Posted : Tuesday, November 01, 2016 10:01:13 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
KulaRaha wrote:
Mainat wrote:
Corporate governance (lack of) will wilt our economy.


But there is also something that doesn't add up. Our economy can't be growing at "5.9%" which is faster than last year, yet no business is exceeding performance expectations...


If you strip out SGR, and probably most scandals which are accounted for as development growth, we would be doing barely 1%.

Why strip what is part of development in the economy!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Swenani
#68 Posted : Tuesday, November 01, 2016 10:13:50 AM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
Angelica _ann wrote:
KulaRaha wrote:
Mainat wrote:
Corporate governance (lack of) will wilt our economy.


But there is also something that doesn't add up. Our economy can't be growing at "5.9%" which is faster than last year, yet no business is exceeding performance expectations...


If you strip out SGR, and probably most scandals which are accounted for as development growth, we would be doing barely 1%.

Why strip what is part of development in the economy!!!


Because we like strippers
If Obiero did it, Who Am I?
willin2learn
#69 Posted : Tuesday, November 01, 2016 10:25:26 AM
Rank: Veteran

Joined: 2/12/2008
Posts: 1,178
kaimbaga2012 wrote:
Some of the owners of Nakumatt are the same same people who were behind Charterhouse Bank. As far as am concerned the losses don't add up at all. This is a serious case of creative Accounting to evade tax or funds are being siphoned to offshore Accounts.


Me suspects KRA has caught up with them on tax arrears Or they have been requested to support a peasant son's political ambitions...
Ericsson
#70 Posted : Tuesday, November 01, 2016 10:33:37 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,811
Location: NAIROBI
Nakumatt===Karuturi flowers Naivasha
Watch the unfolding movie
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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