Nothing like a banana to put things into perspective.
5 Likes
I know people who specifically shop at nakumatt because they app classy, middle-class manenos
spear:
You are late on this news, itās been a year now. They made many critical mistakes. Grew too fast using loans. Some branches made it like Rwanda, UG and some counties branches in Kenya. Some flopped like Tz. Tz they sold 49% shareholding to Manji and that has now cleared their loses there and save some funds to continue operating there. Massive fraud from managers from HQ to branches. Thatās why the new team appointed have started off with a new warehouse system. Remember in the last few years some of there managers were killed by assassination, gunmen on motorbikes. Nakumatt problems started with late payments to suppliers who in time stopped supplying them. Lucky for them they have prime spots in many malls so getting a strategic investor wasnāt hard. However the new investor didnāt want to share a boardroom with a wanted drug lord. That meant current nakumatt shareholders buying out Mwau then sell to the investors. All that cash had to come from the biz as well. Mwau didnāt mind since after the USA froze his 50 million cash/asset there. He had built the hub mall to ensure constant income. Nakumatt suppliers have given them certain conditions to resume supply such as clearing a % of debt, commit formally to the rest of the debt and any penalties prescribed.
Kwani the hub no ya mwau??? 100%?
spear
February 15, 2017, 4:35pm
25
You can never know the %, companies involved in Mwau deals. He uses a web of companies to invest. Typical the late mutula style. You know itās his but proving it is not easy.
2 Likes
Mjuaji
February 15, 2017, 5:03pm
26
Iāve shopped at Nakumatt probably only two times in the last 5 years. Maybe thatās why they are failing:D
3 Likes
vuja_de
February 15, 2017, 5:10pm
27
Ndizi moja ni 5/=. Siwes nunua 3 for 20/=
6 Likes
Most middle class Kenyans are not rational in recurrent expenditure such as shopping.
1 Like
WuTang
February 15, 2017, 5:13pm
29
Inategemea na size Mutiso.
1 Like
Grundy
February 15, 2017, 5:16pm
30
The economy is doing badly and the performance of the private sector is a good indicator.
2 Likes
gashwin
February 15, 2017, 5:24pm
31
na pia convenienceā¦siezi acha ndizi kwa mama mboga nipande matatu kwenda marikiti sababu ya two bobā¦
1 Like
Elgin
February 15, 2017, 5:27pm
32
Nikiwa CUEA nilikuwa nashop pale Galleriaā¦hio imesimama ama imedidimia? Back then mzinga ya Bluemoon was Ksh 320, imefika ngapi hapo?
The hub si ni ya the guy who had 2b in his account suspected to be drug money? Uyu won a tender in Mozambique juzi tu. But u never know maybe ni right man wa mwau
4 Likes
He he he! Sema clout ya birrionairs!
1 Like
KACH
February 15, 2017, 6:43pm
37
sijawai ona biz ya mhindi iki overrun like the trend is at nakumatt, its like interns ndo wamepewa cheo
Mi shopping ni carrefour hub. Very cheap. Kwanza chapo ni 20 bob
WuTang
February 15, 2017, 6:58pm
39
Kuwa serious, unaacha chapo organic ya kibanda unajipeleka kununua kitu imekaa fridge? :D:D:D:D
3 Likes
Ubongo
February 15, 2017, 7:41pm
40
But they are possessed in renting in almost all malls driving their expenses high