Uchumi - Business Today Kenya

Uchumi Assets Face Auction Over Sh4.7bn Debt

by BT CorrespondentBusinessJuly 6, 2020July 6, 2020

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

by Samuel GitongaBusinessMarch 3, 2020March 3, 2020

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

In Christmas Offer, Naivas Shoppers to Get Sh30m Refund

by BT ReporterBusinessNovember 7, 2019November 7, 2019

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

by Luke MulundaBusinessAugust 6, 2019August 7, 2019

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

by Mike NjorogeStock marketMay 21, 2019May 21, 2019

At a snail’s space, the stock of Uchumi Supermarkets is…

NSE stocks dip fueled by loss making firms

by Mike NjorogeStock marketMay 9, 2019

As stocks at the Nairobi Securities Exchange (NSE) slumped on…

Uchumi wants creditors to write off 70% of its debt

by Samuel GitongaAnalysisMarch 27, 2019March 27, 2019

Caught between a rock and a hard place, cash strapped…

Former Homa Bay senatorial aspirant lands Uchumi board seat

by Mike NjorogeExecutive DecisionMarch 13, 2019March 13, 2019

Uchumi Supermarkets has appointed two new directors to its board,…

Insider trading

by BT ReporterWORD OF THE DAYFebruary 18, 2019February 18, 2019

Today’s Word of the Day is “insider trading”, which is…

Down but not out: Struggling retailers mull return to big money league

by Samuel GitongaAnalysisDecember 17, 2018December 17, 2018

In separate bids to return to profitability, Kenya’s biggest insolvent retailers craft plans to jump out of the red