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Nakumatt: Another ailing Kenyan company
Rank: Elder Joined: 7/26/2007 Posts: 6,514
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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 SGR isnt something we can count on annually...its a one-off. And how many local suppliers to SGR do you know, apart from labour? Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 12/4/2009 Posts: 10,811 Location: NAIROBI
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Nakumatt has in the past couple of months grappled with boycotts from its suppliers over delayed payments and changes in contract terms, which have led to empty shelves in some outlets, particularly in Uganda. Last year its profits dipped to $3.05 million from $8.23 million in 2013, largely due to rising interest charges associated with the large debt that has been used to fund growth. http://www.theeastafrica...4608-up0jpwz/index.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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Did Mzee Mwao bail ship, or he is still dani? 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.
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Rank: Elder Joined: 2/8/2013 Posts: 4,068 Location: At Large.
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Gatheuzi wrote: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. Tuskys and Naivas are also donning empty shelves.The 24 hour outlets stopped and now close at 10.30pm Only the Maguna Andus and other smaller supermarket will gain and survive this meltdown.Their size working for them. Love is beautiful and so are those who share it.With Love, Marriage is an amazing event in ones life time, the foundation of joy, happiness and success.
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Bigchick wrote:Gatheuzi wrote: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. Tuskys and Naivas are also donning empty shelves.The 24 hour outlets stopped and now close at 10.30am.Only the Maguna Andus and other smaller supermarket will gain and survive this meltdown.Their size working for them. what do you mean? If Obiero did it, Who Am I?
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Rank: Elder Joined: 12/4/2009 Posts: 10,811 Location: NAIROBI
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As Uchumi and Nakumatt tumble Naivas continues with expansion; http://www.businessdaily...39006-s2eqy5z/index.htmlWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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Bigchick wrote:Gatheuzi wrote: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. Tuskys and Naivas are also donning empty shelves.The 24 hour outlets stopped and now close at 10.30am. Only the Maguna Andus and other smaller supermarket will gain and survive this meltdown.Their size working for them. Kamindi supermarket too will survive.  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 2/8/2013 Posts: 4,068 Location: At Large.
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Swenani wrote:Bigchick wrote:Gatheuzi wrote: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. Tuskys and Naivas are also donning empty shelves.The 24 hour outlets stopped and now close at 10.30am.Only the Maguna Andus and other smaller supermarket will gain and survive this meltdown.Their size working for them. what do you mean? Collected.I meant 10.30pm.Solly. Love is beautiful and so are those who share it.With Love, Marriage is an amazing event in ones life time, the foundation of joy, happiness and success.
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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Impunity wrote:Bigchick wrote:Gatheuzi wrote: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. Tuskys and Naivas are also donning empty shelves.The 24 hour outlets stopped and now close at 10.30am. Only the Maguna Andus and other smaller supermarket will gain and survive this meltdown.Their size working for them. Kamindi supermarket too will survive. Na pia Mulleys, Cleanshelf, Jacmil
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Nakumatt: Another ailing Kenyan company
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