Pride and prejudice will be downfall of Kenya

Section of Kenya's map

NAIROBI, KENYA: A year ago, it was inconceivable that a retail behemoth like Nakumatt would be in financial doldrums, much less on the brink of collapse.

A series of interlocking components have contributed to the imminent demise of this giant. These include gross mismanagement, poor strategic decisions, and internal losses brought on by wayward employees colluding with suppliers and customers.