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Nakumatt to demand Sh4.7bn from NSSF

By NAIROBI NEWS December 1st, 2013 1 min read

Construction of additional floors to the controversial Hazina Trading Centre in Nairobi has taken a new turn with Nakumatt supermarkets threatening to slap the National Social Security Fund (NSSF) with a Sh4.7 billion bill if they terminate a 20-year lease.

According to Nakumatt’s consultants, the supermarket chain’s compensation would be calculated from lost business and related income from tenants who have leased space from the company.

“Sh4.7 billion is cumulative. There is also direct job losses for about 620 Nakumatt workers and other tenants at Hazina Trading Centre,” said a consultant who can’t be named because he was not authorised to speak on the matter.

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