Kenya's Tuskys - Once Billion-Shilling Empire Now Has Only U.S.$374,000
AllAfrica.com CASH-STRAPPED Tuskys Supermarkets has Sh41.6 million in its only bank account with funds, as it fights off at least 26 cases filed by creditors seeking billions in dues dating as far back as 2016. But the bank account is frozen, following four separate cases at the Chief Magistrate’s Court in Milimani, Nairobi. Besides, the Sh41.6 million Tuskys has is hardly enough to cater for all the creditors making a beeline for the retail chain’s main trading account. Landlords alone are owed in excess of Sh100 million, Hotpoint Appliances is claiming Sh248 million, businessman Pietro ...
Source: newzimbabwe.com