Listed retailer Uchumi Supermarket has been granted a lifeline by its creditors. At a meeting held in Nairobi the creditors voted to adopt a recovery plan presented to them by the board. But as Denis Otieno now reports, the brand faces an uphill task to redeem itself in a market awash with players boasting of big budgets and international players.
Creditors back Uchumi’s revival plan
Listed retailer Uchumi Supermarket has been granted a lifeline by its creditors. At a meeting held in Nairobi the creditors voted to adopt a recovery plan presented to them by the board. But as Denis Otieno now reports, the brand faces an uphill task to redeem itself in a market awash with players boasting of big budgets and international players.
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