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Uchumi pleads for debt forgiveness to regain its feet

Uchumi Supermarkets wants part of its multi-billion-shilling debt forgiven to enable it make a comeback into the market.

The ailing retailer, which owes suppliers more than Sh3.6 billion and lenders another Sh3 billion, has filed a creditors plan in the High Court outlining steps needed to save it from closing shop.

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