@StandardMedia

Should Kenyan firms be given a second chance? - 9 months ago, 17 Apr 07:22

By: Xn Iraki

Uchumi and Nakumatt supermarkets are struggling. They have responded by closing some branches to cut costs. Many Kenyans have avoided patronising them because of lack of basic items.  Some die-hards like me shopped there till the Sarit Branch was closed a month ago. When I passed there on Thursday, a lot of construction activity was ongoing with Carrefour waiting to take over the space. The closure of that branch was nostalgic, having shopped there for years.  Nakumatt’s case is more tragic. We used it as a case study of how you can start a small business in the rural areas; they take the city by storm. We would love to know what really happened to this icon of Kenyan entrepreneurship.  The big elephant that used to guard Nakumatt Ukay has been moved to the parking entrance, 100 metres away. What is the symbolism behind that? Chase Bank, once an epitome ...
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