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Uchumi’s agony as High Court sets repeat creditors vote.
By Kepha Muiruri,
1148, February 22, 2020 (EAT)
Uchumi’s recovery plan is back to square one with the High Court giving directions on the holding of a second vote on the company’s voluntary agre...
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Uchumi granted 30 days to engage banks over Ksh.2.8 billion debt
By Kepha Muiruri,
1056, September 30, 2019 (EAT)
The High Court Commercial and Tax Division has granted Uchumi an additional 30 days to engage banks over the settlement of outstanding loans advanced ...
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Choppies Supermarkets corporate troubles hit Kenyan operations
By Kepha Muiruri,
2029, May 27, 2019 (EAT)
Choppies Supermarkets could be on the brink of turmoil as ongoing corporate troubles in its home country of Botswana takes a hit at its Kenyan operati...
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Uchumi suppliers agree to forfeit Ksh.2.5B owed to them
By Kepha Muiruri,
1620, May 13, 2019 (EAT)
Suppliers of troubled Uchumi supermarkets have agreed to forfeit Ksh.2.5 billion debt owed to them as part of a proposed recovery plan for the retaile...
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Mesut Ozil rewards Kenyan boy spotted wearing Arsenal jersey in viral tweet
By Bernard Ndong,
1143, March 13, 2019 (EAT)
Naserian is the epitome of contrasts. It is an informal settlement comprising of makeshift homes made out of corrugated sheets. It is nestled in the m...
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Uchumi banks on franchising after Govt pulls plug on bailout
By Mumbi Warui,
1303, July 26, 2018 (EAT)
Uchumi Supermarkets has called for franchise bids for its Nairobi west branch just a month after it invited bids for its Langata Hyper branch. This...
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Govt rules out Uchumi bailout
By Mumbi Warui,
1739, July 10, 2018 (EAT)
Uchumi Supermarkets is staring at a bleak future with the government ruling out pumping in more money to revive the struggling retailer. Uchumi, wh...
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Gor handed Rayon Sport as CECAFA Kagame Cup recommence
By Jacob Icia,
1635, June 5, 2018 (EAT)
Kenyan Premier League (KPL) champions Gor Mahia have been drawn in Group 'B' alongside Rwanda's Rayon Sport, in this year's CECAFA Club Championship t...
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Probe against ex-Uchumi CFO null and void – court
By Dzuya Walter,
401, May 3, 2018 (EAT)
The High Court has ruled that investigations into former Uchumi Director Chadwick Okumu are null and void. According to the judge, the investigatio...
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Kipng’etich to head Jubilee Holdings regional operations
By Citizen,
1208, January 10, 2018 (EAT)
Former Uchumi Supermarkets chief executive officer Julius Kipng’etich has landed a new role as the regional chief executive officer for financial se...
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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 narrows full year loss to Sh1.7bn
By Citizen,
918, November 15, 2017 (EAT)
Uchumi Supermarkets restructuring efforts have began bearing fruit with the retailer narrowing its full year to June loss by 39 percent. In the lat...
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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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Deacons in talks to offload Mr Price franchise
By Citizen,
1552, October 8, 2017 (EAT)
Clothing retailer Deacons East Africa has entered talks to sell its local franchise of clothes and home accessory outlet Mr Price. The proposed tra...
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CMA gets green light to probe EY over Uchumi mess
By Dzuya Walter,
1654, March 7, 2017 (EAT)
The Capital Markets Authority (CMA) has been cleared to investigate consultancy firm Ernst & Young’s involvement in the near collapse of retaile...
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Uchumi cuts half-year loss to Sh547.3m
By Citizen,
937, February 28, 2017 (EAT)
Uchumi Supermarkets restructuring plans continue to pay off, with the retailer cutting its half-year loss by nearly half a billion shillings. In th...
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Ex-Uchumi boss Jonathan Ciano to ‘pay Ksh 9.5M’
By Dzuya Walter,
1707, January 17, 2017 (EAT)
Former Uchumi Chief Executive Officer, Jonathan Ciano, has entered a consent to deposit Ksh 9.5 million bank guarantee in favor of the Capital Markets...
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Former Uchumi directors challenge CMA ban on holding board posts
By Dzuya Walter,
1531, December 5, 2016 (EAT)
Former Uchumi Chief Finance Officer Chadwick Omondi Okumu has moved to court to challenge the decision by Capital Markets Authority (CMA) that blocks ...
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CMA to step up market supervision with regular reviews
By Patrick Igunza,
1932, November 21, 2016 (EAT)
The Capital Markets Authority (CMA) has announced it is reviewing operations of a number of listed companies as it moves to strengthen regulatory over...
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ICDC lowers interest rates to 3pc of CBR
By Sophie Kinoti,
1821, November 21, 2016 (EAT)
The Industrial and Commercial Development Corporation (ICDC) has slashed interest rates on loans to 13 percent in bid to be more competitive. The r...
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