According to BBC report, Hundreds of jobs in East Africa are in danger as a leading retail chain faces the threat of liquidation.

Mr Ferdinand Omondi report for BBC that, Kenyan supermarket chain Nakumatt is struggling to pay its creditors and is now in court to stop debt collectors from seizing its assets.

He said: Nakumatt has a the tag-line "You need it, we’ve got it", but, in recent months, even basic products like bread have been hard to find on its shelves.

Disappointed customers questioned what was happening but, in spite of denials, it soon became clear that the supermarket could no longer pay its suppliers.

Read Details:http://www.ojabeblog.com/2017/07/kenyan-supermarket-chain-nakumatt-is.html

Kenya