By ABIUD OCHIENGMore by this AuthorThe Competition Authority of Kenya (CAK) is holding the key to the planned Nakumatt Holdings Ltd and Tuskys Supermarkets merger. Documents filed at the High Court in the insolvency petition against Nakumatt indicate that Tusker Mattresses Ltd (Tuskys) will be coming in as an investor. The planned entry of Tuskys, if approved, may give Nakumatt a lifeline. CREDITORSThe other issues to be resolved upon authorisation by CAK relate to landlords, employees, suppliers and other creditors. There is currently an order stopping all Nakumatt creditors from attaching its property to recover dues.

Source: Daily Nation October 24, 2017 19:40 UTC