Treasury silent on Uchumi, promises to revive KQ and Mumias

The fate of cash-strapped Uchumi Supermarkets hangs on the balance after Treasury Cabinet Secretary Henry Rotich omitted it from the list of government's bail-out plan.

In his Budget speech on the floor of the National Assembly last Wednesday, Rotich said that the government was working on plan to resuscitate three of its strategic investments including national carrier Kenya Airways (KQ), telecommunication firm Telkom Kenya and sugar miller Mumias Sugar. The three, just as Uchumi, have been reeling in financial ruin.