Nyama Mama, the popular local restaurant chain. [Elvis Ogina, Standard]
The story of Nyama Mama, the popular local restaurant chain, is one marked by rapid growth, high-octane legal drama and now, an uncertain future.
Over the last three years, the restaurant chain, owned by The Good Earth Group (TGEG), faced a series of challenges that left it reeling, from the impact of the Covid-19 pandemic to a legal dispute.
The dispute over allegations that the directors took a Sh520 million loan using fictitious documents as collateral spooked investors, who may have saved it from the throes of Covid-19 and even offered a firm footing as it sought to expand to the region.
The future of Nyama Mama, which appeared bright at some point, is now in doubt.