Troubled retail chain Tuskys Supermarkets requires an immediate capital injection of Sh2 billion to stay afloat. DTB also agreed to extend Tuskys banking pending negotiations for investors’ capital injection. Yesterday, suppliers, landlords and staff also agreed to support the supermarket until it completes the deal with the strategic investor. SEE ALSO: Tuskys once offered to bail out Nakumatt, now who will save it? Covid 19 Time SeriesIn the shareholders meeting, the siblings agreed to set aside their difference so as not to scare the investor.

Source: Standard Digital July 29, 2020 08:15 UTC