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More Nakumatt woes as KCC pulls out stock

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More Nakumatt woes as KCC pulls out stock

New KCC has once more halted supply of milk products to Nakumatt Holdings in what it says is a bid to protect its business in the wake of uncertainties at the East Africa’s largest retailer.

Githunguri Dairy also stopped supplies to Nakumatt last year citing non-payment. The processor has been holding talks with the retailer on how to resume supplies.

This is the second time in three months the State-owned processor is pulling out stocks at Nakumatt owing to huge arrears from previous supplies.

New KCC managing director Nixon Sigey said the decision was reached last week to allow consultations on whether the creamery should continue supplying goods or not.

“We suspended the supplies last week informed by the prevailing business environment at Nakumatt because we have a business to protect,” said Mr Sigey in an interview with the Business Daily.

Nakumatt is grappling with huge debt from suppliers, which has seen manufacturers hold back leaving the once vibrant outlet with empty shelves.

New KCC withdrew its stocks last February in protest over delayed payments that went beyond the agreed credit period of 90 days.

COURTESY OF BUSINESS DAILY

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