Naivas Supermarket is set to take over Uchumi’s city centre outlet in Nairobi and open a new store in Malindi next month, underlining its aggressive expansion plan. The first outlet will be on the Aga Khan Walk within the central business district in Nairobi, which the struggling Uchumi Supermarket previously occupied. The second premise is […]
KEY POINTS Nairobi Business Ventures was the top gainer of the day on Thursday at the Nairobi Securities Exchange (NSE) with 6.09 percent at the price of 7.32 shillings per share. Nairobi Business Ventures was the top gainer of the day on Thursday at the Nairobi Securities Exchange (NSE) with 6.09 percent at the price […]
KEY POINTS The top gainer of the day was BK Group with 8.05 percent at the price of 38.25 shillings per share. It was followed by Britam Holdings with 5.06 percent at the price of 8.30 shillings per share. The top gainer of the day was BK Group with 8.05 percent at the price of […]
In a public notice, USE Chief Executive Officer, Paul Bwiso said trading in Uchumi’s shares and the listing of its shares on the bourse had been suspended, until the company meets all the requirements. The bid for regional supermarket chain, Uchumi, has been dented by the decision to suspend its activities on the Ugandan Securities […]
Uchumi Supermarkets branch in Nairobi. FILE PHOTO | NMG The High Court has blocked the auction of some assets of Uchumi Supermarket that were seized last year over a rent dispute until an application by the retailer challenging the sale is heard and determined. Justice Margaret Muigai dismissed an objection by United Housing Estate Ltd, […]
Last week, I shopped at the Uchumi supermarket on Nairobi’s Lang’ata road. It was a nostalgic visit knowing all too well the ups and downs the chain has faced. The economy is likely to rebound after Covid-19, and once vaccinations are done. And maybe this is what the board is counting on. There are two […]
•Currently, the retailer has four stores in operations. •It has embarked on a charm offensive to lure suppliers and small traders to help stage the come back mainly in restocking its stores. Customers doing shopping at Uchumi supermarket. Photo/File Struggling retailer Uchumi Supermarkets hopes to make a comeback after close to five years of dwindling […]
•Currently, the retailer has four stores in operations. •It has embarked on a charm offensive to lure suppliers and small traders to help stage the come back mainly in restocking its stores. Customers doing shopping at Uchumi supermarket. Photo/File Struggling retailer Uchumi Supermarkets hopes to make a comeback after close to five years of dwindling […]
Uchumi Supermarkets branch in Nairobi. FILE PHOTO | NMG The High Court has blocked the auction of some assets of Uchumi Supermarket that were seized last year over a rent dispute until an application by the retailer challenging the sale is heard and determined. Justice Margaret Muigai dismissed an objection by United Housing Estate Ltd, […]
The Nation Media Group was the top gainer of the day at the Nairobi Securities Exchange (NSE) on Tuesday, March 2, 2020, with 9.89 percent at the price of 19.45 shillings per share. Kenya Re-Insurance was the second top gainer with 4.84 percent at the price of 2.60 shillings per share followed by Longhorn Publishers […]
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