[Source: Business Daily, by Victor Juma]
Supermarket operator Tuskys is set to raise Sh2 billion short-term debt from an unnamed private equity firm based in Mauritius, with the funds aimed at stabilising operations to make it more attractive to strategic investors it is courting.
Raising debt capital will ease the retailer’s financial pressure, giving it more time to negotiate the sale of a majority stake in a transaction that could delay by six months or more…
