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Debt Relief – Insolvency – Bankruptcy Information » Insolvency » Uchumi Supermarkets sees end of insolvency

Uchumi Supermarkets sees end of insolvency

Uchumi Supermarkets have made public their results for their Debenture issue as well as making the announcement on if their shares will be back to the trading floor of the NSE as well as the way forward for the supermarket chain. The supermarket is seeking to relist on the Nairobi Stock Exchange following its suspension in 2006 due to insolvency, after which the government came to its rescue with a 675 million shilling loan due to be repaid this month. ABNs Alishia Seckam takes a closer look at Uchumi with Samuel Wachiri from Drummond Investment Bank.


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