The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
Nakumatt Supermarket at the Westside Mall in Nakuru on July 05, 2017. Photo/Suleiman Mbatiah/Standard
When suppliers put a foot down and turned Nakumatt and Uchumi supermarkets’ shelves empty, they were rightfully agitating for a monumental Sh40 billion debt.
But as the two retailers struggle and fizzle out, suppliers may be at the receiving end of the collapse, with irredeemable stock of debt and collapse of the sole avenue to sell their products.
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