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Uchumi Receivership


Uchumi supermarket is expected to come out of receivership by the end of January next year. Receiver Manager Jonathan Ciano announced today that Uchumi’s bank creditors have already given their commitment to lift the 3 and half year receivership after the company substantially reduced its secured debt and returned to profitability. Shareholders of the company are expected to endorse the decision during an annual general meeting to be held on 29th January next year.

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