×
App Icon
The Standard e-Paper
Kenya’s Boldest Voice
★★★★ - on Play Store
Download App

Uchumi’s Sh4.8b hole that gives CEO nightmares

Uchumi Supermarket CEO Julius Kipng'etich. (Photo: David Njaaga/Standard)

When Julius Kipng’etich landed at Uchumi Supermarket, Kenya’s oldest retailer desperately needed a Midas touch. Dr Kipng’etich is hailed for turning around the fortunes of Kenya Wildlife Service (KWS).

With books suggesting the retail chain owed suppliers about Sh1 billion, Kipng’etich, fresh from success at Equity Bank as Chief Operating Officer, promised to turn Uchumi into “Kenya’s Walmart.”

Get Full Access for Ksh299/Week.
Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in