Keneyan supermarket Uchumi registers pre tax loss of Sh1 billion

Keneyan supermarket Uchumi registers pre tax loss of Sh1 billion

Keneyan supermarket giant Uchumi’s half-year pre-tax loss widens by 288pc. The supermarket recorded a pre tax loss of Sh1 billion. Uchumi posted a Sh262.4 million loss in December 2014. An year after, in December 31, 2015, the supermarket marks a 288 per cent dip in loss. The group attributed the loss to a drop in sales brought about by low stock levels […]

Kenyan Supermarket Chain Uchumi expands its East African operation

Kenyan Supermarket Chain Uchumi expands its East African operation

Kenyan retail chain Uchumi consider to expands its operations in East African nations like Nigeria, Ethiopia and the Democratic Republic of Congo. Uchumi is the only publically traded retail chain in Kenya. Uchumi’s Chief executive officer Julius Kipng’etich told the Company’s shareholders in Nairobi that Nigerian retail industry is not well developed and that points […]