By ANNIE NJANJAMore by this AuthorLocal accounting and audit firm Parker Randall, owned by former Mumias Sugar #ticker:MSC boss Coutts Otolo has won the bid to audit Nakumatt Holding’s books and report to the retailer’s creditors. The consultancy firm has less than six weeks to prepare the struggling retailer’s books for the year 2017 to 2019. The local audit firm, an affiliate of London-based Parker Randall, competed against 15 others to win the contract. The retailer’s administrator, Peter Kahi, will brief the creditors on the true financial position of the company and the way forward. Earlier last year, Nakumatt announced embarked on a business recovery programme dubbed Nakumatt BounceBack, an initiative supported by suppliers keen on seeing the firm back on track.

Source: Daily Nation May 15, 2019 19:52 UTC