Uchumi Supermarkets Plc has received a boost in its recovery efforts after the High Court (Commercial and Tax Division) approved the Company’s Voluntary arrangement (CVA) that was passed at the creditors meeting on March 2 2020. The High Court Ruling that was delivered on July 1 2020 gives Uchumi the go ahead to implement the ….  Read More

Uchumi Supermarkets has partnered with the donations platform www.Sponsor.co.ke to enable Kenyans to donate Uchumi CarePacks for families in need. The initiative is a proactive move by Uchumi Supermarkets in response to the COVID-19 pandemic and the need to ensure safety of staff and beneficiaries as they distribute the much needed donations.  Uchumi shall receive ….  Read More

Uchumi creditors have voted to spare the lender from imminent dissolution by backing the firm’s proposed company voluntary agreement (CVA). Source: Citizen Digital The positive vote will see the creditors agree in part to debt forgiveness and sees banks write off half of their accruing arrears while suppliers are set to discount 30 percent of ….  Read More