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Tuskys given 45 days to reach Sh2bn debt deal
Employees of Tuskys branches in Kisii protest termination of their contracts and three months' unpaid salary on September 30, 2020. PHOTO | RUTH MBULA | NMG
The High Court in Nairobi has frozen liquidation proceedings against Tuskys for 45 days to allow the retailer complete a Sh2.1 billion debt deal that will allow payment of suppliers.
Justice Phillip Tuiyot Wednesday heard that the cash will be used to turn around the troubled business and payment of all creditors both secured and unsecured.
