Uchumi Supermarkets

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Uchumi Supermarkets is a Kenyan supermarket chain which was founded in 1975 and which was listed on the Nairobi Stock Exchange in 1992. [1]

The name Uchumi means "economy" in Swahili.

Contents

[edit] Closure and reopening

Uchumi closed down, albeit temporarily, in June 2006 after 30 years of business. [2] At the time, its closure was described as "one of the greatest corporate disasters in independent Kenya history". [3] However, a government-led rescue plan was initiated and consequently five Uchumi outlets, all in Nairobi, were reopened in July 15, 2006.[4]

[edit] Currently

As of April 2008 Uchumi operates 4 hyperstores, 8 supermarkets and 2 convenience stores, and employs more than 1,000 people. Uchumi has stores in the major towns of Nairobi, Karatina, Eldoret and Meru.

[edit] See also

  • Nakumatt, Uchumi's competitor within Kenya

[edit] External links

[edit] References

  1. ^ "Uchumi prunes unprofitable branches", 10 February 2005. Retrieved on 2006-06-04. 
  2. ^ "Kenyan shop chain shuts its doors", BBC News, 2 June 2006. Retrieved on 2006-06-04. 
  3. ^ "Editorial: Pending queries on fall of Uchumi", The Standard online, 3 June 2006. Retrieved on 2006-06-04. 
  4. ^ http://eastandard.net/hm_news/news.php?articleid=1143955396
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