Auditor-General questions how the Government Investment and Public Enterprises Management department that oversights corporations has been playing its oversight role. Government’s ability to collect over Sh28 billion in loans advanced to various parastatals appears in doubt, with some loans outstanding for years. This is even as the government makes little effort in loan recovery with […]
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, […]
In On December 13, 2001, the Industrial and Commercial Development Corporation (ICDC) made a bold step in seconding Christopher John Kirubi to the Uchumi Supermarkets Ltd Board of Directors. Mr Kirubi was coming in to fill the big shoes of successful decision makers like Suresh Shah, who had found himself at Uchumi in similar fashion. […]
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 […]
In On December 13, 2001, the Industrial and Commercial Development Corporation (ICDC) made a bold step in seconding Christopher John Kirubi to the Uchumi Supermarkets Ltd Board of Directors. Mr Kirubi was coming in to fill the big shoes of successful decision makers like Suresh Shah, who had found himself at Uchumi in similar fashion. […]
Auditor-General questions how the Government Investment and Public Enterprises Management department that oversights corporations has been playing its oversight role. Government’s ability to collect over Sh28 billion in loans advanced to various parastatals appears in doubt, with some loans outstanding for years. This is even as the government makes little effort in loan recovery with […]
•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, […]
Business owners and Principal Secretaries risk a Sh1 million fine or five years in jail for delaying payment to suppliers under a proposed law that seeks to tame the rise in overdue payments. The Prompt Payment Bill, 2021 currently before the house proposes bills must be settled on the agreed date under a written contract […]
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