Administrators should seek to salvage not kill off firms

Tuskys Supermarket, Kenya’s largest retailer by footprint, recently announced that it will seek a strategic cash injection of about Sh2 billion to keep itself afloat and settle debts to creditors, particularly suppliers.

The announcement came after a meeting of the retailer’s seven shareholders who are the offsprings of Tuskys’ founder, the late Joram Kamau.