tuskys
Evans Habil | Nation Media Group

Creditors make a move on Tuskys

What you need to know:

  • The supermarket chain is badly in debt and could go under if it does not get Sh6.2 billion to pay suppliers.
  • Would-be investors have given retailer a non-negotiable condition that they take over full ownership of the business

The family of businessman Joram Kago, which owns Tuskys, is staring at the end of its business after 35 years as foreign-owned private equity funds compete to take over what is left of the supermarket.