It will be irresponsible for us to quit now, Uchumi bosses say

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

Uchumi Supermarkets is set to make reforms in its store in a bid to clear huge debts accrued to its creditors and suppliers.

Uchumi Supermarket expects a Sh5 billion cash injection from an unnamed strategic investor in a transaction that could give the new owner...

Prayers are all the estimated 3,000 suppliers owed almost Sh5 billion by Uchumi can rely on.

It is reminiscent of broken promises and ruined livelihoods.