Empty shelves at Nakumatt Oasis Mall in Kampala. Analysts say supermarket chain should convert some of its debt into equity, refinance expensive short-term debt and find a strategic investor. PHOTO | MORGAN MBABAZI
Regional retail giant Nakumatt Holdings is staring at some difficult options in raising capital to settle debts owed to financiers and suppliers.
The retailer has in the past couple of months grappled with boycotts from its suppliers over delayed payments and changes in contract terms, which have led to empty shelves in some outlets, particularly in Uganda.
