Fresh twist to ownership of Uchumi Supermarket’s prime plot as defense forces eyes it
KENYA – Cash-strapped Kenyan retailer, Uchumi Supermarket, is set to receive a huge cash...
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Tag: Uchumi Supermarkets
Naivas takes over spaces left by financially struggling Uchumi, collapsed Nakumatt supermarkets
KENYA – Kenya’s largest and fastest growing supermarket chain, Naivas is seeking to be the...
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Uganda securities exchange suspends Uchumi Supermarket’s trading on the bourse
UGANDA – Cash-strapped Kenyan headquartered retailer, Uchumi Supermarket, has been suspended...
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Carrefour Kenya opens 10th store as Uchumi Supermarket revives Lang’ata Hub
KENYA – Dubai-based conglomerate Majid Al Futtaim (MAF) and the regional franchise holder of...
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Kenyan High court give Uchumi Supermarkets a node to implement its Company Voluntary Arrangement
KENYA – Kenyan retailer, Uchumi supermarket has been given a green light by the High Court...
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Uchumi Supermarkets receives US$6.39m write off in financial restructuring plan
KENYA – Kenyan retailer, Uchumi Supermarkets has been granted leeway by commercial banks who...
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Uchumi Supermarkets clinches US$25m deal under its recovery plan
KENYA – Kenyan retailer, Uchumi Supermarkets, has reached into an agreement with its suppliers to...
Read MoreUchumi Supermarkets to cut jobs, gets $5m KCB loan
KENYA – Uchumi Supermarkets has embarked on a cost-cutting exercise that will include closing down branches and laying off staff.
Read MoreUchumi Supermarkets to cut jobs, gets $5m KCB loan
KENYA – Uchumi Supermarkets has embarked on a cost-cutting exercise that will include closing down branches and laying off staff.
Read MoreUchumi seeks CEO, meets suppliers over debt
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.
Read MoreUchumi seeks CEO, meets suppliers over debt
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.
Read MoreUchumi sends CEO packing as it launches forensic audit
KENYA – Uchumi Supermarkets’ board has let go of chief executive Jonathan Ciano even as it opened a forensic audit into the cash flow problems that have in recent weeks left the retail chain with empty shelves.
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