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Nakumatt survives third liquidation attempt

Peter Kahi, Nakumatt Supermarket administrator

The High Court has ruled against the liquidation of Nakumatt Supermarket, extending the term of its administrator Peter Kahi from PKF for the third time.

Kahi (pictured) had argued that the extension would help in the recovery of between Sh3 billion to Sh4 billion, monies that are tied to ongoing court cases for and against the retailer.

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