Cash-strapped Uchumi Supermarket Plc is set to host a creditors and members meeting virtually on Thursday, 29th February 2024.
This meeting follows a similar virtual gathering held on 30th May 2022.
Uchumi has called for a creditors meeting Feb 29.
How is Langata branch doing?
https://t.co/AW3R940iCm pic.twitter.com/EOdQ3SroMQ— David Indeje 🇰🇪 ( He/Him/His) (@David_Indeje) February 8, 2024
Uchumi closed down, was placed in receivership in June 2006 after 30 years of business, and was de-listed from the Nairobi Securities Exchange.
According to People Daily, Uchumi Supermarket Plc has embarked on a recovery program. The company aims to make a breakthrough within four years, even with limited cash flow.
