Tuskys keeps watchdog in the dark over mystery offshore investor

Tuskys Supermarket along Kenyatta Avenue in Nairobi on July 18, 2019. PHOTO | EVANS HABIL | NMG

The competition watchdog has revealed it is in the dark over the mystery offshore investor seeking to buy out the cash-strapped supermarket chain Tuskys amid doubts over the existence of the Sh2.1 billion deal.

The Competition Authority of Kenya (CAK) says Tuskys went quiet and failed to reveal the identity of the fund based in tax-haven Cayman Islands more than 16 months after the retailer announced a financing deal.

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