Nakumatt Holdings has assured the public that its business is stable despite it facing financial difficulties occasioned by a harsh operating environment. In a statement on Thursday, Nakumatt Holdings managing director Atul Shah admitted that the chain was facing financial challenges that had affected its cash flow. “These challenges range from a depressed economy, higher operating costs and extraneous factors including enhanced risk management due to prevailing security threats,” he said. We are also undertaking a management enhancement programme that involves recruiting and retaining management personnel to handle specialized units including commercial, supply chain, finance and marketing,” said Shah. It is estimated that Nakumatt Holdings requires an estimated Sh5 billion shillings to regain its market stability.

Source: The Star October 27, 2016 17:36 UTC