Yet another sad chapter - Tuskys follow it's elder bro Nakumatt

[RV Pundit]

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Their cousin Naivas now rules...these dukawallas with barely any education...find themselves running billions of money in business...something they are hardly prepared for.

Best they sell off to strategic investors - and cede management - so these serious business can be run with utmost professionalism

https://nation.africa/kenya/news/tuskys-exits-nakuru-town-where-it-all-started-3264536

[Nowayhaha]

Naivas will also be there soon. Kenya is not a consumer market. They get loans , grow business just to target the same market of their competitors the so called "Kenyan Middle class" who are essentially citizens with a paycheck half of it servicing car loans or morgages and a third of it heavily taxed  and the rest used for survival till next paycheck. This so called middle class has been stagnant growthwise since around 2008. But Supermarkets have been growing at exhobirant rates through borrowing.

Their cousin Naivas now rules...these dukawallas with barely any education...find themselves running billions of money in business...something they are hardly prepared for.

Best they sell off to strategic investors - and cede management - so these serious business can be run with utmost professionalism

https://nation.africa/kenya/news/tuskys-exits-nakuru-town-where-it-all-started-3264536

[patel]

Case of poor management or tough economy?
I agree it's one thing to run a dukawalla and a different thing to run a behemoth with stores in different counties and thousand suppliers with huge account.

[RV Pundit]

Naivas will also be there soon. Kenya is not a consumer market. They get loans , grow business just to target the same market of their competitors the so called "Kenyan Middle class" who are essentially citizens with a paycheck half of it servicing car loans or morgages and a third of it heavily taxed  and the rest used for survival till next paycheck. This so called middle class has been stagnant growthwise since around 2008. But Supermarkets have been growing at exhobirant rates through borrowing.

Their cousin Naivas now rules...these dukawallas with barely any education...find themselves running billions of money in business...something they are hardly prepared for.

Best they sell off to strategic investors - and cede management - so these serious business can be run with utmost professionalism

https://nation.africa/kenya/news/tuskys-exits-nakuru-town-where-it-all-started-3264536

they owners take money and go buying plots and building apartments...its not the economy

[Kadudu]

That is the big problem. You find the owners even cheating their own comapanies, the top management follows and the workers also do the same thing even though at a lower capacity.

they owners take money and go buying plots and building apartments...its not the economy

[Georgesoros]

All i think about is thousnds who lose jobs..