Consider bailout for Nakumatt to minimise effects on the economy

Opinion is sharply divided on whether the Government should spend taxpayers’ money to bail out a troubled private business in the name of Nakumatt Holdings. There is no doubt about the ownership status, but Kenyans could do well with looking at the wider picture in the debate. Its management has confirmed that the business is under great financial strain at the moment, blaming a series of misfortunes for its troubles.

The claim can easily be dismissed as failure on the part of the managers to handle problems as they came. It can be said that they could have done a better job; but only now with the benefit of hindsight. More than anything, the giant retailer is offering direct employment to over 1,600 workers.