Day: December 9, 2015

Uchumi CEO unveils raft of turnaround plans

KENYA – Uchumi Supermarkets will reopen its stores in Kenya and fully restock them by the first quarter of 2016 while its Ugandan and Tanzanian businesses could be considered for a strategic partnership as the regional retail chain seeks to turn around its performance.

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Uchumi CEO unveils raft of turnaround plans

KENYA – Uchumi Supermarkets will reopen its stores in Kenya and fully restock them by the first quarter of 2016 while its Ugandan and Tanzanian businesses could be considered for a strategic partnership as the regional retail chain seeks to turn around its performance.

Read More

Uchumi Supermarket posts loss of Sh3.2 billion

KENYA – Kenya’s Uchumi Supermarkets swung to an loss after tax of 3.2 billion shillings ($31.37 million) for its year ended June, partly due to an impairment charge for closing some regional outlets as part of a turnaround plan.

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Uchumi Supermarket posts loss of Sh3.2 billion

KENYA – Kenya’s Uchumi Supermarkets swung to an loss after tax of 3.2 billion shillings ($31.37 million) for its year ended June, partly due to an impairment charge for closing some regional outlets as part of a turnaround plan.

Read More

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