×
App Icon
The Standard e-Paper
Read Offline Anywhere
★★★★ - on Play Store
Download Now

Chinese retailer boosts Uchumi earnings amid Sh8.3b debt woes

Chinese retail chain, China Square, took up Uchumi Supermarket's Lang'ata Hyper outlet along Lang'ata Road in June last year. [File, Standard]

The leasing of Uchumi Supermarket’s Lang’ata Hyper premises to China Square has lifted the struggling retailer’s earnings, but this is not enough to lift it out of its protracted financial woes.

China Square now accounts for more than 80 per cent of the rental income earned by the listed former retail giant after setting up an outlet at Uchumi’s Lang’ata Hyper premises.

Get Full Access for Ksh299/Week
Uncover the stories others won’t tell. Subscribe now for exclusive 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