Uchumi
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
Uchumi stock’s slow rally continues at the NSE
At a snail’s space, the stock of Uchumi Supermarkets is slowly improving, even though it is still below the 40cents mark. Jumping 2.62%...
Mike Njoroge1 Mins read
NSE stocks dip fueled by loss making firms
As stocks at the Nairobi Securities Exchange (NSE) slumped on May 8, the decliners tab was dominated by a number of firms who...
Mike Njoroge2 Mins read
Uchumi wants creditors to write off 70% of its debt
Caught between a rock and a hard place, cash strapped retailer Uchumi wants its creditors (suppliers and banks) to write off 70% of...
Samuel Gitonga2 Mins read
