Stock Market INDICES had mixed signals during the week that ended on 10th July 2020, as the Tanzania Share Index (TSI) climbed while the All Share Index (DSEI) followed an opposite path. The TSI gained 4.97 points following a gain on the CRDB counter. The TSI closed the week at 3,466.81 points after a 0.14 […]
Eaagads was the top gainer of the day on Thursday at the Nairobi Securities Exchange (NSE) with 10.00 percent at the price of 9.90 shillings per share, followed by Trans-Century with 9.32 percent at the price of 1.76 shillings per share. I & M Holdings, the East African Cables, and Uchumi Supermarket gained 3.87, 3.17, […]
The top gainer of the day on Monday at the Nairobi Securities Exchange (NSE) was Standard Group with 9.79 percent at the price of 24.10 shillings per share. Kenya Re-Insurance was the second top gainer of the day with 9.00 percent at the price of 2.18 shillings per share followed by Uchumi Supermarket with 5.71 […]
Kiambu-based milk processor Githunguri Dairy Farmers Co-operative Society has filed a petition seeking to wind up Uchumi Supermarkets in a move that is expected to increase financial pressure on the troubled retail chain. The milk processor made its intention public with publication in local newspapers of a notice inviting any creditor who desires to support […]
Uchumi supermarket on Aga Khan Walk Nairobi. The retailer has been ordered to clear Sh4.7 billion debts in six months. PHOTO | FILE | NATION MEDIA GROUP The retailer last week got a reprieve from the High Court, which marked an insolvency petition against Uchumi as settled and withdrawn following an out-of-court deal with suppliers. […]
The fall of Nakumatt has to be one of the best-known sagas in the Kenyan retail landscape, as well as that of East Africa as a whole. But while the curtain is gradually drawn on the former retail giant’s stage play, another homegrown brand is struggling with similar problems. Uchumi, a Nairobi Securities Exchange-listed firm, […]
Uchumi Supermarkets Ltd has been given six months to settle its Sh4.7 billion debts to over 100 suppliers or face auction of its assets by creditors and eviction by their landlords. The retailer last week got a reprieve from the High Court, which marked an insolvency petition against Uchumi as settled and withdrawn following an […]
Eaagads was the top gainer of the day on Thursday at the Nairobi Securities Exchange (NSE) with 10.00 percent at the price of 9.90 shillings per share, followed by Trans-Century with 9.32 percent at the price of 1.76 shillings per share. I & M Holdings, the East African Cables, and Uchumi Supermarket gained 3.87, 3.17, […]
Uchumi Supermarket was the top gainer of the day on Wednesday at the Nairobi Securities Exchange (NSE) with 3.13 percent at the price of 0.33 shillings per share followed by Total Kenya with 2.04 percent at the price of 25 shillings per share. East African Breweries was the third gainer of the day with 1.76 […]
Uchumi Supermarket branch in Nairobi. FILE PHOTO | NMG Over the past few years, the retail sector has experienced some turbulence. Local giants like Uchumi and Nakumatt were forced to exit the market by several factors, including competition. Shoprite and Choppies are also rethinking their business model within the increasingly tempestuous retail sector. The future […]
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