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Tag: Uchumi Supermarkets

Fresh twist to ownership of Uchumi Supermarket’s prime plot as defense forces eyes it

November 29, 2021November 29, 2021

KENYA – Cash-strapped Kenyan retailer, Uchumi Supermarket, is set to receive a huge cash injection if a planned land sale…

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AFRICAN NEWS Food service, Retail, E-commerce LATEST NEWS 

Naivas takes over spaces left by financially struggling Uchumi, collapsed Nakumatt supermarkets

September 28, 2021September 28, 2021

KENYA – Kenya’s largest and fastest growing supermarket chain, Naivas is seeking to be the new tenant of Uchumi’s only…

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AFRICAN NEWS Food service, Retail, E-commerce LATEST NEWS 

Uganda securities exchange suspends Uchumi Supermarket’s trading on the bourse

July 24, 2021July 24, 2021

UGANDA – Cash-strapped Kenyan headquartered retailer, Uchumi Supermarket, has been suspended from trading it shares on Uganda Stock Exchange’s main…

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AFRICAN NEWS Food service, Retail, E-commerce LATEST NEWS 

Carrefour Kenya opens 10th store as Uchumi Supermarket revives Lang’ata Hub

February 2, 2021February 2, 2021

KENYA – Dubai-based conglomerate Majid Al Futtaim (MAF) and the regional franchise holder of Carrefour has opened a new outlet…

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AFRICAN NEWS Food service, Retail, E-commerce LATEST NEWS 

Kenyan High court give Uchumi Supermarkets a node to implement its Company Voluntary Arrangement

July 7, 2020July 7, 2020

KENYA – Kenyan retailer, Uchumi supermarket has been given a green light by the High Court to implement its Company…

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AFRICAN NEWS Food service, Retail, E-commerce LATEST NEWS 

Uchumi Supermarkets receives US$6.39m write off in financial restructuring plan

November 12, 2019November 12, 2019

KENYA – Kenyan retailer, Uchumi Supermarkets has been granted leeway by commercial banks who have agreed in principle to write…

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Financials & Economy LATEST NEWS 

Uchumi Supermarkets clinches US$25m deal under its recovery plan

May 14, 2019May 14, 2019

KENYA – Kenyan retailer, Uchumi Supermarkets, has reached into an agreement with its suppliers to forfeit US$25 million (Ksh2.5bn) in…

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Financials & Economy Investments & Funding News LATEST NEWS Supplier News & Innovations 

Uchumi Supermarkets to cut jobs, gets $5m KCB loan

July 8, 2015

KENYA – Uchumi Supermarkets has embarked on a cost-cutting exercise that will include closing down branches and laying off staff.

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LATEST NEWS 

Uchumi Supermarkets to cut jobs, gets $5m KCB loan

July 8, 2015

KENYA – Uchumi Supermarkets has embarked on a cost-cutting exercise that will include closing down branches and laying off staff.

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LATEST NEWS 

Uchumi seeks CEO, meets suppliers over debt

June 20, 2015

KENYA – Uchumi Supermarkets has appointed consultancy firm Deloitte to headhunt a new chief executive officer less than a week after the board of directors sacked Mr Jonathan Ciano alongside chief finance officer Chadwick Omondi Okumu.

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LATEST NEWS 

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  • Pennsylvania chocolate factory R.M. Palmer Company explodes, killing at least 7
  • ofi Chief Operating Officer Tejinder Singh Saraon promoted to CEO
  • Geia Food expands its footprint in Nordic Region with acquisition of Topfoods
  • Ivory Coast shifts manual certification for horticulture products export to digital
  • Rwanda FDA lifts ban on Nestlé cereal brand with non-compliant labeling

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