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Tag Archives: Uchumi

Uganda security exchange suspends Uchumi supermarket

Kampala, Uganda | THE INDEPENDENT | The bid for regional supermarket chain, Uchumi, has been dented by the decision to suspend its activities on the Uganda Securities Exchange, USE, for violating the rules of the game. The retailer recently launched a revival bid to reclaim the market it once led in …

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Uchumi Supermarkets’ losses increases

Kampala, Uganda | THE INDEPENDENT | Business seem to be worsening at the retail chain, Uchumi Supermarkets. Latest data shows that the retail chain recorded a 63.5% growth in net losses to US$8.95million for the half year ended Dec 2017 citing reduced sales. The listed company recorded a net loss …

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Uchumi narrows losses

Kampala, Uganda | THE INDEPENDENT | Retail chain, Uchumi Supermarkets posted a 39 % improvement in its loss position in the financial year ended June citing improved cost management. The retailer recorded a Kshs 1.7 billion loss after tax during the year, compared to a Kshs 2.8 billion in the previous …

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Government sets terms for Nakumatt to pay suppliers

Government sets terms for Nakumatt to pay suppliers Kampala, Uganda | JULIUS BUSINGE |Government of Uganda through the Ministry of Trade has given Nakumatt Holdings, a regional retail chain up to end of this month to have secured an investor to clear arrears for suppliers and landlords . In an …

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Nakumatt gets Shs280bn cash injection

  Retail chain finalises plans to pay suppliers debts, revamp outlets Finally, there is good news at the outlets of Nakumatt Holdings in Uganda following an announcement by Atul Shah, the group managing director, that it was getting a US$75 million (Approx. Shs282.4 billion) capital injection. Shah said in a …

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