banner68
banner58

Mlimani City shuts down Nakumatt super market in Tanzania 

Eye witness say that the shop was closed early today where many customers who visited the area failed to get services.

Mlimani City shuts down Nakumatt super market in Tanzania 

Eye witness say that the shop was closed early today where many customers who visited the area failed to get services.

16 October 2017 Monday 11:44
Mlimani City shuts down Nakumatt super market in Tanzania 

By Azania Post Reporter

MANAGEMENT of Mlimani city in Tanzania has closed a mall belongs to one of tenant dubbed Nakumatt supermarket in Dar es Salaam for failure to bring new goods and pay for various levies over one year.

Eye witness say that the shop was closed early today where many customers who visited the area failed to get services.

However efforts to get more information from the Mlimani city General Manager Pastory Mroso provide futile since his mobile phone got unanswered.

It was reported by a section of local media recently that Nakumatt was one of their anchor tenants but of late they have not been performing well.

Mroso was quoted as saying they have notified them (Nakumatt) of their inadequate display of products which was against their lease agreement.

“The management replied back and informed as of remedial action being undertaken to remedy the situation,” he said.

In November last year, Nakumatt Tanzania wrote to the Fair Competition Commission (FCC), requesting that it be granted a permission to sell 51 per cent of its stake to Ascent Investment Limited so as to collect funds to tweak its operations amid increasing debts regionally.

This came only two years after the Kenyan retailer acquired Shoprite shops in Tanzania in a deal that was valued at Sh76 billion.

The story is the same in Kenya, where Nakumatt supermarkets are now severely grappling with product shortages.

Nakumatt operations in Uganda was also affected, since it was reported that the tax authorities auctioned goods belongs to a retail chain to recover millions of shillings.

The company in May announced plans to close its poorly performing branches in Kenya and Uganda as part of cost-cutting measures aimed at saving the retailer Ksh1.5 billion (about Sh30 billion) annually.

Azania Post

Azania Post

Updated: 16.10.2017 11:50
Comments
Avatar
Your Name
Post a Comment
Characters Left:
Your comment has been forwarded to the administrator for approval.×
<strong>Warning!</strong> Will constitute a criminal offense, illegal, threatening, offensive, insulting and swearing, derogatory, defamatory, vulgar, pornographic, indecent, personality rights, damaging or similar nature in the nature of all kinds of financial content, legal, criminal and administrative responsibility for the content of the sender member / members are belong.