KENYA – Cash-strapped Kenyan retailer, Uchumi Supermarket, is set to receive a huge cash injection if a planned land sale…
Read MoreFresh twist to ownership of Uchumi Supermarket’s prime plot as defense forces eyes it
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 new tenant of Uchumi’s only…
Read MoreUganda securities exchange suspends Uchumi Supermarket’s trading on the bourse
UGANDA – Cash-strapped Kenyan headquartered retailer, Uchumi Supermarket, has been suspended from trading it shares on Uganda Stock Exchange’s main…
Read MoreCarrefour 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 Carrefour has opened a new outlet…
Read MoreKenyan 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 to implement its Company…
Read MoreUchumi Supermarkets receives US$6.39m write off in financial restructuring plan
KENYA – Kenyan retailer, Uchumi Supermarkets has been granted leeway by commercial banks who have agreed in principle to write…
Read MoreUchumi Supermarkets clinches US$25m deal under its recovery plan
KENYA – Kenyan retailer, Uchumi Supermarkets, has reached into an agreement with its suppliers to forfeit US$25 million (Ksh2.5bn) in…
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 More