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...