Nakumatt is in conflict with several landlords who are tied to the troubled retailer due to lease commitments but are not getting paid rent. “We are asking for a moratorium pending the filling of an appeal in regards to execution by landlords,” said Diana Ogula, lawyer at IKM for Nakumatt. Knight Frank kicked out Nakumatt from Village Mall, Acacia Mall, Victoria Mall, and Katwe in Uganda. Recently, Garden City asked the High Court to allow it to repossess the space Nakumatt has occupied since May 2015 over unpaid rent, service charges and utilities amounting to Sh48.1 million. ALSO READ: Uchumi cuts losses to Sh1.7 billion on closure of branches

Source: Standard Digital November 17, 2017 18:11 UTC