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Tuskys signs Sh2bn rescue deal

A Tuskys branch in Nairobi. 

Photo credit: File | Nation Media Group

What you need to know:

  • The retailers financial woes have seen it fail to pay suppliers, resulting in stockouts and closure of some of its branches.
  • Earlier this month, Tuskys revealed that it had owed suppliers a total of Sh6.2 billion.
  • It said it need Sh2 billion to survive in the short term as it scrambles to win back the confidence of suppliers and navigate a shareholder fallout.


Supermarket chain Tuskys says it has signed an agreement with an undisclosed Mauritius-based fund for Sh2 billion capital injection to help address its financial woes.