- Uchumi Supermarkets
Uchumi Supermarkets is a
Kenya nsupermarket chain which was founded in 1975 and which was listed on the Nairobi Stock Exchange in 1992. [cite news
url=http://www.francisdrummond.com/news.php?id=20
title=Uchumi prunes unprofitable branches
publisher =10 February 2005
accessdate = 2006-06-04]The name "Uchumi" means "economy" in
Swahili .Closure and reopening
Uchumi closed down, albeit temporarily, in June 2006 after 30 years of business. [cite news
url = http://news.bbc.co.uk/1/hi/business/5040700.stm
title = Kenyan shop chain shuts its doors
publisher =BBC News
date =2 June 2006
accessdate = 2006-06-04] At the time, its closure was described as "one of the greatest corporate disasters in independent Kenya history". [cite news
url=http://www.eastandard.net/hm_news/news_s.php?articleid=1143953412
title=Editorial: Pending queries on fall of Uchumi
publisher=The Standard online
date=3 June 2006
accessdate = 2006-06-04] However, a government-led rescue plan was initiated and consequently five Uchumi outlets, all in Nairobi, were reopened in July 15, 2006. [http://eastandard.net/hm_news/news.php?articleid=1143955396]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 andMeru .ee also
*
Nakumatt , Uchumi's competitor within KenyaExternal links
* [http://www.uchumi.com/ Uchumi Supermarkets official site]
References
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