Nakumatt shuts down three branches in Uganda

SHOPPERS INSIDE NAKUMATT THIKA ROAD MALL ON DECEMBER 23, 2016. FILE PHOTO | NMG

Nakumatt Supermarkets has shut three branches in Uganda as part of the ongoing restructuring process initiated to stem extreme financial pressure that has resulted from a huge mountain of debt.

Knight Frank Uganda, the property manager of the Acacia Mall, Village Mall and Victoria Mall, says Nakumatt ceased being a tenant of the three shopping centres on June 28.

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