Overview
Uchumi is a supermarket chain headquartered in Kenya, with retail outlets in East Africa. As of January 2011, the chain is one of a number of Kenyan supermarket chains that serve the region, including market-leader Nakumatt, Tuskys, Ukwala and Naivas. Currently, Uchumi maintains outlets in Kenya and Uganda, with a view to establish a presence in Tanzania, and Southern Sudan in the next few years. The latest valuation, in June 2010, estimated the total company assets at about US$39.4 million (KES:3.15 billion), with shareholder equity of approximately US$19.2 million (KES:1.53 billion).
Read more about this topic: Uchumi Supermarkets