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Kenya: Uchumi Closes More Branches, Seeks U.S.$10 Million
East African, 2 July 2018
Uchumi Supermarkets has quietly closed more branches in Kenya as the chain looks to secure $10 million in emergency funding to stay afloat. Read more »
Uchumi Kenya Seeks U.S.$10 Million to Stay Afloat
After more than four decades, the retail chain that was once the biggest in the East African region is showing signs that it could exit the retail business with millions of dollars unpaid to suppliers, workers and investors.
Empty shelves are now the hallmark of the once dominant Uchumi Supermarkets (file photo).
InFocus
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The new hypermarket brings to five the number of the French retail chain's branch network in the country. Uchumi Supermarkets announced it's closure of the Sarit Centre Mall store, ... Read more »
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Julius Kipng'etich joined the state-owned retailer in August 2015 after its former chief executive, Jonathan Ciano, was fired along with three other managers for mismanagement. Read more »
