Nakumatt convenes meeting for its creditors

A deserted Nakumatt Nyali branch in Mombasa last October.FILE PHOTO | NMG

Cash-strapped retail operator, Nakumatt, has convened a creditors’ only meeting to be held at Westlands’ Oshwal Centre in Nairobi on March 14.

In a notice published Sunday in the dailies, Nakumatt administrator Peter Kahi said they plan to present their rescue proposals to the creditors where a position on the way forward will be made.

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