×
The Standard e-Paper
Join Thousands Daily
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.
Fear of competition from foreign entrants caused Nakumatt Supermarket to divert billions of shillings into a rapid expansion in a bid to lock them out of strategic locations.
In an interview with an insider, news of entry of new players caused panic within top management of Nakumatt, triggering a costly expansion programme which backfired and ended up sucking up all the money the retailer needed to stay afloat.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
join