Kenyan Wall Street | by Wandiri Gitogo
Tuskys Supermarket shareholders have unanimously approved efforts to secure structured credit facilities amounting to KSh2 billion. In a statement, the board of directors says that an Extraordinary General Meeting held on Monday facilitated the sealing of the external funding.
The meeting convened by Orakam Holding Limited, Tuskys main shareholder, aimed to streamline the ongoing corporate recapitalization and reorganization. Orakam holds 72.5 percent stake in the retailer that will be used to secure the debt…
