File Photo of an Uchumi Supermarket outlet. Beleaguered retailer Uchumi Supermarkets has commenced a fresh audit of supplier bills as the chain moves to ring fence its court approved Company Voluntary Agreement (CVA). Uchumi requires all trade and services creditors to register their debt, accrued before March 2 this year, through an online portal. “The […]
Former Uchumi Head of Finance Chadwick Omondi Okumu Okumu has extensive retail experience having worked with Uchumi as its Head of Finance for eight years. Okumu has also previously served in various finance capacities at Reckitt Benchiser and Keroche Breweries. Okumu will be tasked with lifting Tuskys from the edge of the abyss following the […]
Tuskys Supermarket seems to be headed to a crush and any attempts to try and stop it are hitting the rock. In the last few months, the once thriving retailer in Kenya has been ejected from various malls over failure to pay rent amounting to millions of shillings. “I never knew that a day shall […]
The top gainer of the day at the Nairobi Securities Exchange on Wednesday was Eaagads who closed the day with 9.52 percent at the price of 11.50 shillings per share. WPP ScanGroup was the second top gainer with 9.03 percent at the price of 7.00 shillings per share followed by Nairobi Securities Exchange with 6.15 […]
The top gainer of the day on Wednesday at the Nairobi Securities Exchange was Nairobi Business Ventures with 9.09 percent at the price of 0.60 shillings per share. Standard Chartered Bank was the second top gainer with 5.99 percent at the price of 163.75 shillings per share followed by Sanlam Kenya with 5.37 percent at […]
The top gainer of the day at the Nairobi Securities Exchange on Wednesday was Eaagads who closed the day with 9.52 percent at the price of 11.50 shillings per share. WPP ScanGroup was the second top gainer with 9.03 percent at the price of 7.00 shillings per share followed by Nairobi Securities Exchange with 6.15 […]
The top gainer of the day at the Nairobi Securities Exchange (NSE) on Thursday was Sameer Africa with 10.00 percent at the price of 3.85 shillings per share followed by Express with a gain of 7.66 percent at the price of 4.50 shillings per share. Umeme was the third gainer of the day with 6.34 […]
The top 5 gainers of the day at the Nairobi Securities Exchange (NSE) were: Nairobi Business Ventures Liberty Kenya Uchumi Supermarket East African Cables Kapchorua Tea Kenya. Nairobi Business Ventures gained 10 percent at the price of 0.66 shillings per share followed by Liberty Kenya with 8.03 percent at the price of 7.80 shillings per […]
Uchumi Supermarket rose twice from the jaws of death and, for the third time in two decades, is once again facing its demise under the weight of a Sh4.2 billion debt. Worse still, it has no assets to sell. At best, the 150 creditors have been asked to forfeit their Sh3.2 billion debt to Uchumi […]
The top 5 gainers of the day at the Nairobi Securities Exchange on Wednesday were TPS Eastern Africa (Serena), Umeme, Sameer Africa, Bamburi Cement, and Nation Media Group. TPS Eastern Africa (Serena) gained 9.92 percent at the price of 14.40 shillings per share followed by Umeme with a gain of 9.88 percent at the price […]
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