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Government rules out bail-out for Nakumatt

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The government is mulling over a proposal to set up a watchdog for Kenya’s fledgling retail sector. Trade Principal Secretary Dr. Chris Kiptoo has told Channel One Business the regulatory body will be tasked with developing guidelines for players operating in the multi-billion shillings industry. Dr. Kiptoo further says the state has no plans of offering struggling retailer Nakumatt any bailout since the government is not a shareholder.


KBC Nakumatt Trade Principal Secretary Dr. Chris Kiptoo
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