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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.

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