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Surprise! Uchumi Supermakets is full again

Uchumi has been hunting for a strategic partner to pull it out of its debt hole, which had seen most suppliers stop stocking its stores

Uchumi shuts stores for restocking, AGM called off

The listed retail chain has been struggling financially, which has seen many suppliers shun doing business with it resulting in empty shelves.

Uchumi Supermarket cuts losses by Sh1bn

However, the cash-strapped retailer, which had posted a loss of Ksh 2.84 billion in the previous financial year, saw its net sales dip by 60% to Ksh 2.59 billion from last year's Ksh 6.42 billion