Nakumatt has been faced with financial woes that have seen several stores close down both in Uganda and Kenya, as day by day, the shelves were becoming emptier. It was revealed that the company was collapsing as a result of multi-billion Shillings debts to suppliers, banks and tax bodies.
The regional retailer Nakumatt closed three of its Uganda outlets last week but the remaining stores lack basic products, with many empty stalls and fridges, Uganda Radio Network has established. There are no beverages in the Oasis Mall outlet. For instance, buyers cant get a 500-millilitre or 300-millilitre plastic bottle of soda in this outlet. There are less than 50 plastic sodas of two-litre volume remaining in this outlet. When our reporter inquired why there are no beverages, an attendant said, They have not been bringing them sodas and water for about two months. Fridges and stalls in the beverages section are empty.