An attendant at Uchumi branch in Nairobi. Uchumi last year survived a winding up suit and is currently banking on a Sh1.8 billion ($17.3 million)Treasury bailout package, of which only Sh500 million ($4.8 million) has been released so far. PHOTO FILE | NMG
Kenyan government is set to let go of its shareholding in Uchumi Supermarkets once the troubled retailer stabilises under the ongoing bailout and restructuring plan.
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.
