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Nakumatt's debt driven growth now haunts retailer

Nakumatt Chief Marketing Officer Mr Andrew Dixon

Kenya’s retail sector is known to be conservative and resistant to global trends, leading to the dominance by family-owned supermarkets.

But things are changing fast. Last week, Nakumatt Regional Director Thiagarajan Ramamurthy left the retailer after organisational restructuring. Ramamurthy has since joined Bidco Africa as Chief Executive Officer.

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