Ukwala Supermarkets has applied to the court for the permanent closure of its business, revealing that it is unable to pay its debts that have accumulated to nearly Sh1 billion.
The struggling retailer owes the Kenya Revenue Authority (KRA) Sh840 million, making the taxman the biggest loser out of the more than 300 suppliers and institutions that have lodged claims against what was once counted among Kenya’s top supermarket chains.
