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Cash-strapped Uchumi Supermarkets is awaiting the Cabinet’s approval for a Sh1.2 billion bailout package.
The retail store also hopes to persuade suppliers who want the supermarket liquidated to drop their hard stance by the time the case is up for hearing next week. Uchumi CEO Julius Kipng’etich is optimistic the Sh1.2 billion loan they had requested from Government to help turn around the company would soon hit their bank accounts.
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