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Nakumatt now closes three more branches

Ailing regional retailer Nakumatt continues to sink into more trouble, announcing the closure of three of its top branches in Uganda.

In a statement released by Knight Frank Uganda on Saturday, the retailer, which is wallowing in dire financial woes, said its stores in Acacia Mall; Kololo, Village Mall, Bugolobi and Victoria Mall, Entebbe were on Wednesday last week closed indefinitely.

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