SV: {UAH} Broke Nakumatt Supermarket holdings runs out of Money to pay suppliers, leaves stalls Empty
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It is not that Ugandan have become poorer or too poor to purchase from supermarkets, but, the kind of infrastructure desirable for profitable running of such is not there. Secondly, the lifestyle of majority Ugsndan is still off super markets. Creditcard usage too is very much restricted as there is no infrstructure for driving in credits.
WHICH BRINGS US TO REVOLUTIONIZATION OFPOST CODES AND POSTSL DELIVERY SERVICE SYSTEM AND THST IMPLIED OF COURSE, NEW REGISTRSTION SYSTEM.
WE NEED RESPONSIVE STRUCTURAL CHANGE.
"WE FORM THE CULTURE THAT FORMS US"….noc'la gaumoy.
--------------------------------------------
Den tors 2016-10-27 skrev 'Afuwa Kasule' via Ugandans at Heart (UAH) Community <ugandans-at-heart@googlegroups.com>:
Ämne: {UAH} Broke Nakumatt Supermarket holdings runs out of Money to pay suppliers, leaves stalls Empty
Till: "Ugandans-at-Heart@googlegroups.com" <Ugandans-at-Heart@googlegroups.com>
Datum: torsdag 27 oktober 2016 21:57
Kenyan supermarket chain Nakumatt
holdings, has been forced to admit that
its operations in Uganda have run out of money to maintain
stock on its
shelves.
[image: nakumatta-down-1]
The supermarket which has the largest branch network of any
supermarket in
Uganda may be forced to close down operations in Uganda as
was the case
with its Kenyan competitor Uchumi which was forced to close
down its Uganda
operations and is right now battling its creditors in
court.
[image: nakumatt-down-2]
In a statement released today, Nakumatt says they are
negotiating with
their suppliers for more favorable terms as a way to be able
to stay in the
market.
The supermarket also says they are negotiating with
financiers to be able
to get money to maintain their operations.
For the past 3 weeks, Ugandans have been complaining about
the
supermarket's empty shelves and an on spot
assessment[image: nakumatt-down]
by our reporters found the same issues.
However, Nakumatt which blamed its troubles on the hard
economic times in
Uganda, says that as soon as they are able to renegotiate
with their
financiers and supplier sthe shelves will be stocked again.
--
Allaah gives the best to those who leave the choice to
Him.*"And if Allah
touches you with harm, none can remove it but He, and if He
touches you
with good, then He is Able to do all things." (6:17) *
--
Disclaimer:Everyone posting to this Forum bears the sole
responsibility for any legal consequences of his or her
postings, and hence statements and facts must be presented
responsibly. Your continued membership signifies that you
agree to this disclaimer and pledge to abide by our Rules
and Guidelines.To unsubscribe from this group, send email
to: ugandans-at-heart+unsubscribe@googlegroups.com
--
Disclaimer:Everyone posting to this Forum bears the sole responsibility for any legal consequences of his or her postings, and hence statements and facts must be presented responsibly. Your continued membership signifies that you agree to this disclaimer and pledge to abide by our Rules and Guidelines.To unsubscribe from this group, send email to: ugandans-at-heart+unsubscribe@googlegroups.com
WHICH BRINGS US TO REVOLUTIONIZATION OFPOST CODES AND POSTSL DELIVERY SERVICE SYSTEM AND THST IMPLIED OF COURSE, NEW REGISTRSTION SYSTEM.
WE NEED RESPONSIVE STRUCTURAL CHANGE.
"WE FORM THE CULTURE THAT FORMS US"….noc'la gaumoy.
--------------------------------------------
Den tors 2016-10-27 skrev 'Afuwa Kasule' via Ugandans at Heart (UAH) Community <ugandans-at-heart@googlegroups.com>:
Ämne: {UAH} Broke Nakumatt Supermarket holdings runs out of Money to pay suppliers, leaves stalls Empty
Till: "Ugandans-at-Heart@googlegroups.com" <Ugandans-at-Heart@googlegroups.com>
Datum: torsdag 27 oktober 2016 21:57
Kenyan supermarket chain Nakumatt
holdings, has been forced to admit that
its operations in Uganda have run out of money to maintain
stock on its
shelves.
[image: nakumatta-down-1]
The supermarket which has the largest branch network of any
supermarket in
Uganda may be forced to close down operations in Uganda as
was the case
with its Kenyan competitor Uchumi which was forced to close
down its Uganda
operations and is right now battling its creditors in
court.
[image: nakumatt-down-2]
In a statement released today, Nakumatt says they are
negotiating with
their suppliers for more favorable terms as a way to be able
to stay in the
market.
The supermarket also says they are negotiating with
financiers to be able
to get money to maintain their operations.
For the past 3 weeks, Ugandans have been complaining about
the
supermarket's empty shelves and an on spot
assessment[image: nakumatt-down]
by our reporters found the same issues.
However, Nakumatt which blamed its troubles on the hard
economic times in
Uganda, says that as soon as they are able to renegotiate
with their
financiers and supplier sthe shelves will be stocked again.
--
Allaah gives the best to those who leave the choice to
Him.*"And if Allah
touches you with harm, none can remove it but He, and if He
touches you
with good, then He is Able to do all things." (6:17) *
--
Disclaimer:Everyone posting to this Forum bears the sole
responsibility for any legal consequences of his or her
postings, and hence statements and facts must be presented
responsibly. Your continued membership signifies that you
agree to this disclaimer and pledge to abide by our Rules
and Guidelines.To unsubscribe from this group, send email
to: ugandans-at-heart+unsubscribe@googlegroups.com
--
Disclaimer:Everyone posting to this Forum bears the sole responsibility for any legal consequences of his or her postings, and hence statements and facts must be presented responsibly. Your continued membership signifies that you agree to this disclaimer and pledge to abide by our Rules and Guidelines.To unsubscribe from this group, send email to: ugandans-at-heart+unsubscribe@googlegroups.com
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