Nation Media Group

Uchumi’s false start and fairy-tale run to profitability

What you need to know:

  • The government started Uchumi Supermarket to cushion citizens from price fluctuations.
  • The retailer was deemed a service retail chain and was offering affordable essentials to Kenyans.
  • But surprisingly, it was not making money.

Uchumi Supermarket rose twice from the jaws of death and, for the third time in two decades, is once again facing its demise under the weight of a Sh4.2 billion debt.