Forget about any bailout, State tells ailing Nakumatt

Nakumatt Holdings Managing Director Atul Shah attends to a customer at the till during the opening of Nakumatt Garden City branch on the Thika superhighway in June 2015. He has dismissed claims that the retailer plans on closing more branches. [File, Standard]

The Government has no plans to bail out struggling retail giant Nakumatt, a State official said.

Industry, Trade and Cooperatives Principal Secretary Chris Kiptoo clarified that the retail chain was a private company unlike its counterpart Uchumi Supermarkets in which the Government holds a stake.