Tag: Uchumi

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 porta

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

Creditors Vote to Save Debt-Laden Uchumi From Dissolution

Creditors will have to take a massive haircut for plan to go through

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.

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.

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% to Ksh0.39 on May 20, the share price of Uchumi was up for a sixth consecutive day of trading. Rallying from Ksh0.29, the...