East Africa: Retail Giant Nakumatt Raises Shs17 Billion Ahead of Share Sale
Nairobi — Retail chain Nakumatt Holdings has raised KSh500 million (Shs17b) through a short- term loan in a deal expected to pave the way for entry of a deep-pocketed strategic investor into the business.
The transaction was disclosed by investment advisory firm Dry Associates, which arranged the private placement last quarter.
The firm said Nakumatt went to the market seeking KSh500 million through an insured loan and.... Read more »
Posted on : Thursday , 5th January 2017