One of the saddest realities in the past few decades was the collapse of several giant retailers in the country, among them Nakumatt Holdings. The death of the supermarket was a loss of livelihood to many Kenyans.

The supermarket is now calling on its former employees to meet with the trustees and liquidator to learn about the process of acquiring their benefits.

A notice issued on Friday, August 23rd, urged members who haven’t received their pensions to come forward before August 30th as the scheme nears final liquidation.

“Members of the above scheme who have not collected their benefits from the scheme are invited to meet the Trustees and the Liquidator at Mombasa Sports Club in Mombasa on 29th and 30th August 2024 from 9am,” the notice read in part.

The meeting will inform former employees on how to access their benefits. The notice also asked members of the scheme’s WhatsApp group to notify others about their entitled benefits.

Anyone seeking pension benefits must provide the necessary documents to prove they are eligible.

“Please come with necessary documents to prove you were a member of the scheme,” Nakumatt added.

In 2019, Nakumatts former employees were dealt a massive blow when the Retirement Benefits Authority (RBA) announced that the pension scheme was dissolved.

“The RBA has approved the winding up of the above scheme and Mr Vincent Chares Karani has been duly appointed the liquidator of the scheme,” read a notice then.

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The giant retailer owed its creditors more than Sh. 38 billion. However, nearly 97% of the 167 creditors at a meeting voted for its dissolution in 2020 thus dimming any recovery hopes. This marked the collapse of the brand Kenyans knew as Nakumatt.

It had up to 62 branches spread across the East African region, making it a large employer. Nakumatt began as a shop in Nakuru before gradually expanding to employ 4,000 people.

Its collapse is owed largely to overwhelming debts and mismanagement.