Tanzania Ascent Investment is buying bankrupt Nakumatt

[Geza Ulole]

Muria, if don't know ascent investment? Does that disqualify them from acquiring a stake from a collapsing company?

 

[Geza Ulole]

Muria, if u don't know ascent investment? Does that disqualify them from acquiring a stake from a collapsing company?

 

[Muria]

Muria, if don't know ascent investment? Does that disqualify them from acquiring a stake from a collapsing company?

Well, I assumed that as a Tanzanian you would be interested in who the new owner of Nakumatt Tanzania is going to be.

Not to worry though, I did some digging online and found some answers on Ascent Investments all the same.

 

[Geza Ulole]

Nakumatt shuts three outlets in Uganda
Saturday July 1 2017

A Nakumatt outlet at the Victoria Mall in Entebbe, Uganda. PHOTO | FILE

In Summary

• The cash-strapped retailer shut stores at Acacia Mall in Kololo, Village Mall in Bugolobi and at Victoria Mall in Entebbe.

Advertisement

By KIPLAGAT EDWIN
Troubled regional retail chain Nakumatt has closed down three of its outlets in Uganda.

The cash-strapped retailer shut stores at Acacia Mall in Kololo, Village Mall in Bugolobi and at Victoria Mall in Entebbe.

"The supermarket space at these malls will go under redevelopment," said Knight Frank Uganda, the property manager, in a statement Saturday.

In April, Nakumatt shut its Katwe branch after it accumulated rent arrears running into millions of shillings.

Last month, the retailer said it would close poorly performing outlets in Uganda and Kenya. It has already closed two stores in Nairobi.

The retail chain also has a presence in Tanzania and Rwanda.

Nakumatt is struggling under huge debt estimated at $150 million with unsecured suppliers facing the problem of delayed payments.

The supermarket is hoping to attract a deep-pocketed investor for a financial bailout.

Nakumatt shuts three outlets in Uganda

 

[Lewis254]

Nakumatt shuts three outlets in Uganda
Saturday July 1 2017

A Nakumatt outlet at the Victoria Mall in Entebbe, Uganda. PHOTO | FILE

In Summary

• The cash-strapped retailer shut stores at Acacia Mall in Kololo, Village Mall in Bugolobi and at Victoria Mall in Entebbe.

Advertisement

By KIPLAGAT EDWIN
Troubled regional retail chain Nakumatt has closed down three of its outlets in Uganda.

The cash-strapped retailer shut stores at Acacia Mall in Kololo, Village Mall in Bugolobi and at Victoria Mall in Entebbe.

"The supermarket space at these malls will go under redevelopment," said Knight Frank Uganda, the property manager, in a statement Saturday.

In April, Nakumatt shut its Katwe branch after it accumulated rent arrears running into millions of shillings.

Last month, the retailer said it would close poorly performing outlets in Uganda and Kenya. It has already closed two stores in Nairobi.

The retail chain also has a presence in Tanzania and Rwanda.

Nakumatt is struggling under huge debt estimated at $150 million with unsecured suppliers facing the problem of delayed payments.

The supermarket is hoping to attract a deep-pocketed investor for a financial bailout.

Nakumatt shuts three outlets in Uganda

Renovation is underway... kuwa mpole.

 

[Geza Ulole]

Renovation is underway... kuwa mpole.
View attachment 533695

renovation hebu soma tena Knight Frank is a real estate firm n they are implying a sell of of last stocks n a change of a tenant!

 

[Lewis254]

renovation hebu soma tena Knight Frank is a real estate firm n they are implying a sell of of last stocks n a change of a tenant!

read these words in quotes
"The supermarket space at these malls will go under redevelopment," said Knight Frank Uganda, the property manager, in a statement Saturday.

umesahau kwamba the additional report imeandikwa na Edward Kiplagat na wala sio Marc du Toit wala Knight Frank.
ok. mi nimekupa email imeandikwa na Knight Frank mwenyewe. For more info, contact Marc du Toit or Knight Frank

 

[Geza Ulole]

read these words in quotes
"The supermarket space at these malls will go under redevelopment," said Knight Frank Uganda, the property manager, in a statement Saturday.

umesahau kwamba the additional report imeandikwa na Edward Kiplagat na wala sio Marc du Toit wala Knight Frank.
ok. mi nimekupa email imeandikwa na Knight Frank mwenyewe. For more info, contact Marc du Toit or Knight Frank

wacha ubishi wa kijinga kwa hiyo all the main media coverage is a lie? usitufanye watoto humu!

 

[Synod]

Nini hii umeandika wee...eti foreigner came! Walk! Get! Your tenses and grammar is pathetic..mkiambiwa waswahili mnachoweza vigodoro tu mnalilia..

Mbona hata wewe kiswahili ulichoandika ni cha hivyo?

Nini hii ni ngeri ya ngapi/ipi umetumia hapo?

Ukikosa point unaanza kujishaua kwa kufuatilia vimakosa vidogo vidogo!

 

[Synod]

"Your tenses and grammar is pathetic " hii pia ipo sahihi ?

[emoji23] [emoji23] [emoji23] [emoji23] Halafu huyo anajiita mzungu

 

[Lewis254]

wacha ubishi wa kijinga kwa hiyo all the main media coverage is a lie? usitufanye watoto humu!

hahahaha.... ati 'ubishi' ?
re-read the letter from Frank Knight yenye nimepeana screenshot apo. straight from the hose's mouth.
problem ni kuwa you only read Edward Kiplagat words and chose to select what soothes your ego.

wacha kutafuta kiki

 

[Synod]

Waswahili bwana acheni lugha za wenyewe, hii nimeiona humu...rais mwenye phd kaandika hivi!!!View attachment 432233

Hiyo sio lugha yake, hivyo kukosea ni kitu cha kawaida! Mbona we kiswahili ni lugha yako na bado unakosea?

BTW, ngoja nikupe tweets za Trump uone anavyochapia pamoja na kuwa ni mzungu

 

[Bravo Mike]

Hey mambo ya kusahihishana lugha sio hapa hatuko darasani .... Tuambieni nini kimemsibu Nakumatt kwa ghafla namna hii ??

 

[Livale]

Hey mambo ya kusahihishana lugha sio hapa hatuko darasani .... Tuambieni nini kimemsibu Nakumatt kwa ghafla namna hii ??

Yupo shareholder mkubwa sana aitwa Harun Mwau aliondoa hisa za dhamana ya mabillioni toka Nakumatt baada ya Marekani kutishia kumpa vikwazo yeye pamoja na makampuni yote anayohusiana nayo. Hii in juu ya shinikizo la yeye kuhusiana na mihadarati.

Kujiondoa kwake Nakumatt kulikua wakati Nakumatt ilikua yajenga maduka na malls chungu nzima, kadhaa kupitia mikopo. kwa hivyo hela zikawaishia Nakumatt hata bidhaa za kuuza ikawa ngumu kununua ikawalazimu kufunga maduka kadhaa ili waweze kulipa mikopo na vilevile waweze kujaza bidhaa madukani.

Lakini kama kawaida, kina Geza and co waona hili kama siasa za kushindwa kwa Kenya ndo manake waleta habari bila sababu za chimbuko la habari hio

 

[Mzee]

Nini hii umeandika wee...eti foreigner came! Walk! Get! Your tenses and grammar is pathetic..mkiambiwa waswahili mnachoweza vigodoro tu mnalilia..

English kwetu ni Lugha ya tatu...

Ya kwanza ni Lugha ya Kabila mf. Kipare.. Ya pili ya Taifa mfano. KIswahili... Ya tatu Ya Kusomea mfano Kiingereza.

 

[Synod]

Yupo shareholder mkubwa sana aitwa Harun Mwau aliondoa hisa za dhamana ya mabillioni toka Nakumatt baada ya Marekani kutishia kumpa vikwazo yeye pamoja na makampuni yote anayohusiana nayo. Hii in juu ya shinikizo la yeye kuhusiana na mihadarati.

Kujiondoa kwake Nakumatt kulikua wakati Nakumatt ilikua yajenga maduka na malls chungu nzima, kadhaa kupitia mikopo. kwa hivyo hela zikawaishia Nakumatt hata bidhaa za kuuza ikawa ngumu kununua ikawalazimu kufunga maduka kadhaa ili waweze kulipa mikopo na vilevile waweze kujaza bidhaa madukani.

Lakini kama kawaida, kina Geza and co waona hili kama siasa za kushindwa kwa Kenya ndo manake waleta habari bila sababu za chimbuko la habari hio

Failure ni failure tu! Hakuna kushindwa kusiko na sababu!

Nakumatt has failed to attract investors hivyo kenya nzima imefail.

 

[Livale]

Failure ni failure tu! Hakuna kushindwa kusiko na sababu!

Nakumatt has failed to attract investors hivyo kenya nzima imefail.

kwa hivyo kwako Nakumatt has come to represent the entire republic of Kenya?

Someone asked why a very well performing and rapidly expanding Nakumatt was suddenly so cash strapped na nikampa sababu, si eti nikapinga uhalisia wa yanayojiri.