×
App Icon
The Standard e-Paper
Join Thousands of Readers
★★★★ - on Play Store
Download Now

Mystery investor hands Uchumi Sh3.5 billion lifeline

 

Shoppers at an Uchumi outlet in Nairobi. The retailer owes suppliers Sh3.6 billion. [Wilberforce Okwiri, Standard]

Struggling retail chain Uchumi Supermarkets is close to inking a deal that will boost its cash flow by Sh3.5 billion after protracted talks with a strategic investor.

Get Full Access for Ksh299/Week
Unlock the Full Story — Join Thousands of Informed Kenyans Today
  • 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