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Speculative buyers hit in property & land prices cooldown
By Kepha Muiruri, 1513, February 3, 2021 (EAT)
COVID-19 related disruptions in real estate have halted returns to speculative buyers with property and land prices closing 2020 on a cool down. Ac...

Architectural Association of Kenya (AAK) , COVID-19 , HassConsult , property prices , real estate in Kenya
From 64 branches to just 5: Retailer Tuskys nears its last breath
By Kepha Muiruri, 1835, January 25, 2021 (EAT)
Troubled retailer Tuskys is nearing its last breath with its branch count having fallen to just five from a high of 64 in a little over 12 months. ...

liquidation , nakumatt , Tuskys
Online commerce drives down returns for retail investors
By Kepha Muiruri, 1529, November 23, 2020 (EAT)
Retail real estate investors have marked a further contraction in yields this year owing largely to the accelerated growth of e-commerce under the COV...

Cytonn Real Estate , e-commerce , retail in Kenya
Tuskys to cut its branch network by half
By Kepha Muiruri, 1703, November 17, 2020 (EAT)
Besieged retailer Tuskys has indicated plans to reduce its branch count by more than half to 25 from its current 52 stores around the country. The ...

retail in Kenya , Tuskys
OPINION: The seismic economic effects of coronavirus
By Rachel Ombaka, 1532, November 19, 2020 (EAT)
Every day, the Ministry of Health provides us with COVID-19 statistics detailing new cases and deaths. For many of us this exercise has even become...

coronavirus , Oxfam , social protection
Nakumatt resolution to wait as liquidation is extended to February 2021
By Kepha Muiruri, 958, November 9, 2020 (EAT)
The resolution of creditors’ debt in the defunct Nakumatt Holdings Limited (NHL) is set to wait longer following High Court’s extension of the liq...

nakumatt
Shopping malls in Kenya seethe as major retailers fold
By Kepha Muiruri, 942, November 9, 2020 (EAT)
Shopping malls in Kenya are seething from the folding of a number of supermarkets from which they greatly rely on for customer footfall and tenants. ...

shopping malls , supermarkets
OPINION: The unspoken inequality of the COVID-19 pandemic
By Guest Writer, 1401, October 28, 2020 (EAT)
By Levi Gikandi 243 days ago, on a feverishly hot Wednesday afternoon, Kenyan President Uhuru Kenyatta stood in the manicured State House grounds w...

coronavirus , inequality , inua jamii , Kibera , Oxfam
Tuskys discloses Ksh.2.8 billion Equity, DTB debt
By Kepha Muiruri, 1036, October 26, 2020 (EAT)
Tuskys will be at task to repay Ksh.2.8 billion in credit extended to it by Equity Bank and Diamond Trust Bank (DTB) as it seeks to turn around its fo...

Tuskys
Tuskys earns reprieve as court moots sporadic auctions
By Kepha Muiruri, 1011, October 22, 2020 (EAT)
Besieged retailer Tuskys has earned reprieve from High Court’s commercial and admiralty court following a ruling stopping sporadic auctions by its a...

Tuskys
Tuskys faces three more auctions
By Kepha Muiruri, 1759, October 7, 2020 (EAT)
Under fire retailer Tuskys is now facing three new auctions as disgruntled landlords seek to dispose its properties to recover outstanding rent arrear...

Tuskys
Tuskys picks former Uchumi CFO as its new financial controller
By Kepha Muiruri, 1150, October 6, 2020 (EAT)
Troubled retailer Tuskys has picked former Uchumi Chief Financial Officer Chadwick Omondi Okumu as its new financial controller as the supermarket loo...

Chadwick Okumu , Tuskys
Tuskys siblings in truce to progress make or break rescue deal
By Kepha Muiruri, 901, September 29, 2020 (EAT)
Tuskys majority shareholders represented by the Orakam Holdings Limited have unanimously approved terms progressing the efforts to secure emergency cr...

Tuskys
Tuskys risks expulsion from Greenspan Mall
By Kepha Muiruri, 1809, September 16, 2020 (EAT)
Troubled retailer Tuskys now risks getting expelled from its store at the Greenspan Mall in Donholm for defaulting on rent. According to a statemen...

Fahari I-REIT , ICEA LION , Tuskys
Auctioneers raid Tuskys branch on Juja City Mall
By Kepha Muiruri, 1224, September 12, 2020 (EAT)
Troubled retailer Tuskys has been forced to temporarily shut its branch at the Juja City Mall after auctioneers raided the premise late on Friday foll...

auctioneers , Juja City Mall , Tuskys
Tuskys shuts Nairobi CBD branch as woes deepen
By Kepha Muiruri, 1454, August 28, 2020 (EAT)
Troubled retailer Tuskys has shut another branch inside Nairobi’s Central Business District (CBD) in a continuation of rent rows with landlords. ...

Daniel Githua , Tuskys
Gor pay players’ dues as Pollack insists club is now headed in the ‘right direction’
By Milton Ochieng, 1200, August 28, 2020 (EAT)
Gor Mahia tactician Steven Pollack now says the club is heade in the right direction after part of the overdue salaries was paid to players and the te...

Ambrose Rachier , GOR MAHIA , Pay player salaries , Steve Pollack , Transfers
Two more Tuskys branches shut as auctioneers strike
By Kepha Muiruri, 1948, August 25, 2020 (EAT)
Tuskys outlets along Eldoret’s town Uganda road and at Nairobi’s Komarock Mall have shut down after auctioneers struck on Tuesday. The retailer...

retailer woes , Tuskys
Tuskys pays Ksh.700M to suppliers as it begins settling claims
By Kepha Muiruri, 1827, August 22, 2020 (EAT)
Tuskys Supermarket has disclosed the payment of Ksh.700 million to suppliers following its roll out of a new trading platform in July. The payments...

Tuskys
Families living around Lake Naivasha given a week to vacate flooded areas
By Festus Lango, 1323, August 21, 2020 (EAT)
The government has issued a one-week notice to tens of families living in around the Kihoto Estate near Lake Naivasha to vacate following fears of a d...

Lake Naivasha