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Uchumi secures Sh1.2 billion shilling cash injection

Uchumi Supermarkets will use a cash injection of Sh1.2 billion ($11.83 million) from the government to repay debts owed to suppliers and stock its stores with goods, the retailer's chief executive said on Monday.

The government, which holds a 15 percent stake in the company, approved the cash injection at a cabinet meeting last Thursday, to rescue the chain after it posted losses.

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