Kenya is becoming the graveyard of retail businesses

Kenya is quickly becoming a deathbed for giant retailers. In a space of approximately six years, several retailers that had a national presence have met their grave in what appears to be a national curse that befalls whoever attempts to win the retail war.

The state-owned Uchumi Supermarket has died multiple deaths, and everyone knows that the remaining shell is just a cash cow for many corrupt stakeholders. Nakumatt followed suit, although it is not fair to call Nakumatt a supermarket, a retailed supported money laundering platform. It was once the biggest retailer in Kenya but met its death in 2017.