East Africa’s family-owned retailers are struggling to adapt to a changing business

Kenya’s second largest supermarket, Tuskys, has come to the rescue of its larger rival, Nakumatt, to save the latter from shuttering. The rescue came after Nakumatt, East Africa’s largest retailer, failed to secure a $75 million financing deal quickly enough to avoid its suppliers cutting it off.

Rows of empty shelves have become a familiar sight in Nakumatt stores and it has lost customers in droves to rivals.The fruitless hunt for equity financing in exchange for a 25% stake meant

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