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Uchumi Supermarkets shuts down four outlets

Uchumi CEO Julius Kipng’etich

Uchumi Supermarkets has shut down four of its stores in Kenya and Uganda as part of a turnaround plan by its new chief executive that involves closing non-performing outlets.

Last month, CEO Julius Kipng’etich said Uchumi would reorganise the management of underperforming branches or could close or relocate the worst performers to try to return to profit growth next year.

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