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Uchumi postpones AGM as investor talks heat up
By Citizen,
1342, December 13, 2017 (EAT)
Uchumi Supermarkets has intensified negotiations with a strategic investor as it rushes to conclude a deal that could raise as much as Sh3.5 billion t...
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Uchumi upbeat about recovery despite CEO exit
By Citizen,
1659, December 7, 2017 (EAT)
Uchumi Supermarkets management has downplayed any negative impact following the abrupt exit of chief executive officer Julius Kipng’etich. Accord...
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Uchumi CEO Kipng’etich resigns
By Citizen,
1034, December 6, 2017 (EAT)
Uchumi Supermarkets chief executive officer Julius Kipng’etich has resigned from the retailer two years after his appointment. His departure from...
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Uchumi taps former Nakumatt Exec. Dixon as COO
By Citizen,
1059, November 8, 2017 (EAT)
Listed retailer Uchumi Supermarkets has appointed Andrew Dixon as its chief operating officer (COO) as it continues to tie up its revival plans. Mr...
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Former Tesco exec exits Nakumatt
By Patrick Igunza,
723, October 10, 2017 (EAT)
Nakumatt Holdings chief marketing officer Andrew Dixon has left the struggling retailer barely ten months after his appointment. The former executi...
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Trade PS reaches out to banks to restructure Nakumatt debt
By Mumbi Warui,
1900, July 25, 2017 (EAT)
The government has once again met a group of lenders owed Sh8.5 billion by beleaguered retail chain Nakumatt in a bid to persuade them to go easy on i...
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Banks, suppliers rope in trade ministry to mediate Nakumatt payment delays
By Patrick Igunza,
1911, June 21, 2017 (EAT)
The Ministry of Trade and Industrialization has been called in to mediate talks between Nakumatt Holdings and its creditors as concerns mount over unp...
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Nakumatt yet to finalize deal with strategic investor as cash crunch bites
By Patrick Igunza,
2110, June 20, 2017 (EAT)
Inability to secure a strategic investor continues to compound Nakumatt Holding’s financial troubles. So dire is the situation that the regional ...
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Kenya braces for Bahamas, London athletics action
By Charity Wanja,
2053, April 20, 2017 (EAT)
Athletics enthusiasts are in for a treat this weekend as the IAAF World Relays kicks off on Saturday in Bahamas, a day before the Virgin Money London ...
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Nakumatt engages suppliers to stock emptying shelves
By Citizen,
2039, January 31, 2017 (EAT)
Regional retailer Nakumatt’s woes look to be far from over even it closes in on a strategic partner to inject capital into the business. The cash...
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Nakumatt bolsters c-suit with former Tesco exec
By Citizen,
1403, January 19, 2017 (EAT)
Regional retailer Nakumatt has strengthened its executive suit with the appointment of three new directors. The re jigging of top management comes ...
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