Third time lucky? Amana CEO makes fresh stab at saving firm

THE STANDARD
FINANCIAL STANDARD
Reginald Kadzutu, Amana Capital acting CEO.
For the past few years, Reginald Kadzutu and Amana Capital have been joined at the hip.
The source of their shared torment has been the ghosts of collapsed giant retailer Nakumatt, which sank with the investment firm’s Sh255 million.
And any attempts to exorcise Nakumatt’s ghosts have proven unsuccessful so far. A strategic investor touted to pump Sh300 million and recapitalise the investment firm shied away at the last minute.
It was not clear why Sanjeet Thethy, the strategic investor, backed out.
Now, Kadzutu is back at Amana Capital in his third stab at turning around the company.

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