This follows growing concern from customers through various social media platforms many of who were skeptical about the supermarket’s operations.
‘The largest supermarket chain in East Africa, Nakumatt has blamed a number of unforeseen business challenges for its empty stalls in several outlets following last year’s collapse of Uchumi another Kenya-based supermarket.
Kenya-based supermarket Nakumatt operates nine outlets in Uganda, but most of the shelves at Oasis Mall, Metroplex Mall, Mbarara Branch, and Bukoto Branch has been blacklisted by its suppliers at least until payments are made for previous supplies.
Managing Director Atul Shah said Nakumatt had not survived the problems facing different businesses in the country and called on the government to rescue them.
“Nakumatt Holdings in Uganda has challenges range from a depressed economy, higher operating costs and extraneous factors including risk management due to prevailing security threats, among others,” Shah said in statement.
“With the ongoing financial re-engineering engagements focused on accessing significant capital injection, we are confident that overall debt will further reduce.