Nakumatt closes three outlets in Uganda
One of the Nakumatt outlets in Kampala. File photo
What you need to know:
The retail chain also has a presence in Tanzania and Rwanda.
Troubled regional retail chain Nakumatt has closed down three of its outlets in Uganda.
The cash-strapped retailer shut stores at Acacia Mall in Kololo, Village Mall in Bugolobi and at Victoria Mall in Entebbe.
"The supermarket space at these malls will go under redevelopment," said Knight Frank Uganda, the property manager, in a statement issued on Saturday.
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The retailer’s Mbarara outlet faces closure over Shs2b rent arrears
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Suppliers take Nakumatt to court over debt
The Commercial Division of the High Court has summoned Nakumatt (U) Limited to respond to two different law suits in which it is accused of failing to pay more than Shs400m to two suppliers.
In April,
Nakumatt Katwe outlet closed over rent arrears
The retailer wants to resolve the issue as soon as possible.
after it accumulated rent arrears running into millions of shillings.
Last month, the retailer said it would close poorly performing outlets in Uganda and Kenya. It has already closed two stores in Nairobi.
The retail chain also has a presence in Tanzania and Rwanda.
