Uchumi
Uchumi Get Investors’ Nod Despite Looming Liquidation
Uchumi Supermarkets is considered one of the top performers at the Nairobi Securities Exchange(NSE), its share price being considered the fastest rising this...
JACKSON OKOTH4 Mins read
CMA Slaps KSh10m Fine on Global Accounting Firm Over Uchumi Ghosts
CMA (Capital Markets Authority) has imposed a KSh 10 million financial penalty on UK-based Ernest&Young Accounting and Audit firm for their failure to...
JACKSON OKOTH3 Mins read
Uchumi Stirs NSE with a KSh8m Net Profit
Uchumi Supermarkets Plc Share at the bearish Nairobi Securities Exchange(NSE) rose 5.26% at the end of trading this Wednesday to 40 cents per...
JACKSON OKOTH2 Mins read
Borrowers Tie Lenders in Web of Litigation as Defaults Rise
In early June, Equity placed TransCentury and East Africa Cables under receivership after declining a request to write off over Ksh2.8 billion ($20...
BT Correspondent3 Mins read
Uchumi to Audit Supplier Bills Afresh
The plan is to have all trade and services creditors to register their debt, accrued before March 2 this year, through an online...
BT Reporter1 Mins read
Uchumi Assets Face Auction Over Sh4.7bn Debt
Last week, the retailer got a reprieve after the High Court marked an insolvency petition against Uchumi as settled
BT Correspondent2 Mins read
Creditors Vote to Save Debt-Laden Uchumi From Dissolution
Creditors will have to take a massive haircut for plan to go through
Samuel Gitonga2 Mins read
In Christmas Offer, Naivas Shoppers to Get Sh30m Refund
Kenyans weighed down by a slow economy, with a strong expectation that the Christmas shopping will be dampened.
BT Reporter1 Mins read
Boardroom Fallout Pushes Choppies Supermarket into a Financial Crisis
Choppies headquarters is said to have given up on Kenya after unsuccessfully trying to influence local management and drive strategy.
LUKE MULUNDA3 Mins read
