July 26, 2017 9:37 AM ET

Food and Staples Retailing

Company Overview of Uchumi Supermarkets Limited

Company Overview

Uchumi Supermarkets Limited operates retail supermarkets in Kenya. Its stores offer food, non-food, and textile products, and a range of general merchandise. It operates 20 stores in Kenya. The company also provides property management services. Uchumi Supermarkets Limited was founded in 1976 and is headquartered in Nairobi, Kenya.

KNTC Complex

1st Floor

Yarrow Road, Off Nanyuki Road (Industrial Area)

PO Box 73167

Nairobi,  00200


Founded in 1976


254 20 80200801

Key Executives for Uchumi Supermarkets Limited

Uchumi Supermarkets Limited does not have any Key Executives recorded.

Uchumi Supermarkets Limited Key Developments

State Mulls Exit From Uchumi Supermarkets

The government is planning to sell its stake in Uchumi Supermarkets Limited (NASE:UCHM), once its ongoing bailout and restructuring plans are stabilized. Trade Principal Secretary Chris Kiptoo yesterday said the shareholding exit will come after the government recoups taxpayers’ funds pumped into the company over the years. Uchumi is in talks with a strategic partner to pump in fresh capital after years of struggle supported by Treasury bailouts and debt restructuring.

Uchumi Supermarkets KES 1.6 Billion Possible Land Sale

Uchumi Supermarkets Limited (NASE:UCHM.O) anticipated sale of a 20-acre prime piece of land in Kasarani area valued at KES 2.4 billion, which Uchumi wants to dispose of. Uchumi might end up paying Sidhi Investments Ltd if they reach an out-of-court settlement to sell the asset located near Thika Road Mall.

Uchumi Supermarkets Attracts Many Suitors For stake

Uchumi Supermarkets Limited (NASE:UCHM.O) has attracted "many suitors" in its search for a majornew investor and its board is evaluating bids from both localand foreign parties. "We have given ourselves the next three months up to August to conclude everything," Julius Kipng'etich, Chief Executive Officer at Uchumi Supermarkets told. Uchumi secured shareholder approval in January to sell new shares worth up to 5 billion shillings to help turn the firm around and appointed Pamoja Capital to lead the search for a potential investor.

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Recent Private Companies Transactions

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