One of Nakumatt's branches in Uganda. Photo/capitalfm.co.ke
Troubled Kenyan supermarket chain Nakumatt has shut down three of its branches in Uganda.
According to the chain, the move was part of its restructuring process aimed at regaining profits.
The shutdown of the three branches was confirmed by Knight Frank Uganda, the property manager of the Acacia Mall, Village Mall and Victoria Mall.
The three supermarkets are based at the malls.
The three stores were closed last Wednesday and Nakumatt has since removed all their stock,” Marc du Toit, head of retail at Knight Frank Uganda explained.