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Tusky s banks on discount sale to recover amid debts by VICTOR AMADALA
Tusky s owes suppliers a total of Sh6.2 billion
During this weekend’s sale, Okumu explained that the firm would maintain a cash lite sales option with all payments to be settled via M-Pesa.
Cash strapped Tuskys Supermarket has planned an up to 90 per cent discount sale starting tomorrow at its flagship T-Mall branch in Nairobi. in what is seen as an exit strategy.
While the management insists that it is clearing idle stock to focus on fast moving goods in a recovery plan that will see it resuscitate nine branches in Nairobi in next 14 days, others see it as an exit strategy.