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UCHUMI SUPERMARKETS

Last update 7 days ago

Industry Retail | Consumer Goods (38)
Nairobi, Kenya
Workforce 1,001 - 5,000 employees Listed on NSE-Kenya Symbol UCHM

+254 722 205442 | +254 733 410028

Email investors@uchumi.com Website


Uchumi is the oldest supermarket chain in Kenya, currently celebrating 38 years. With shops in Nairobi, Karatina, Meru, Eldoret ,Kericho, Juja, Mombasa and now Kisumu. Uchumi now has a total of 20stores and continues to grow steadily.

Welcome to Kenya’s finest home of value prices, freshest fruit and vegetables, healthiest bread and pastries, friendly customer service and widest variety of local quality merchandise. Enjoy value added services in our hyper branches, or step in for quick friendly service at our express convenient counters. Stop and Shop for friends and relatives on your way upcountry at one of our up country branches.

History

Uchumi Supermarkets Ltd (Uchumi Supermarkets Limited) is a Kenya-based company engaged in the retail supermarkets operation. It distributes bakery, wines, meat, fish, vegetables, as well as kitchen appliances and decoration, among others.

On 17th December 1976, Uchumi shareholders-Industrial Commercial & Development Corporation (ICDC), Kenya Wine Agencies Limited (KWAL) and Kenya National Trading Corporation (KNTC) - all Government owned parastatals entered into a management contract with Standa SPA of Italy. Standa, a leading supermarket group with a presence in Europe and vast retail experience was given the task to manage and train Kenyan personnel who would eventually take over the running of the organization. In the 1990's Uchumi spearheaded the hypermarket concept in Kenya.

In early 2000s Uchumi started to experience financial and operational difficulties occasioned by a sub-optimal expansion strategy coupled with weak internal control systems.. As a result, on 31st May 2006, the Board of Directors resolved that the Company ceases operations and on 2nd June 2006, the Debenture Holders placed the Company under receivership. Simultaneously, the Capital Markets Authority (CMA) suspended the Company’s listing on the Nairobi Securities Exchange (NSE).

Following a framework agreement between the Government of Kenya, suppliers and debenture holders, the company is revived and commenced operations from 15th July, 2006 under Specialized Receiver Manager (SRM) and interim management.

The management and staff have since worked tirelessly to redeem the company. From a negative bottom line in 2006, the company has reported profits in the last three financial years. The lending banks in turn lifted the company’s receivership in 2010 and the company was successfully re-listed in the Nairobi Securities Exchange on 31st May 2011 – exactly five years to the date that it was suspended. The company is indebted in gratitude to the government, lending banks, our suppliers, customers and shareholders for their support and commitment to saving one of Kenya’s oldest strongest brands.

1976 Uchumi Market, Westlands, Aga Khan Walk branches opened. Uchumi shareholders enter into a management contract with Standa S.P.A of Italy.
1992 Uchumi Supermarkets Ltd goes public with 60 million shares floated at the Nairobi Securities Exchange. The first branch outside Nairobi - Nakuru East opened
1997    Uchumi’s first Hypermart opens its to customers along Ngong Road.
2000 Uchumi spreads its wings to the Coastal region by opening Mombasa Station Hyper.
2002 Uchumi crossed the Kenya borders and set up a store in Kampala, Uganda. The store located in Kampala’s Nakasero suburb has been an instant hit amongst the residents of the metropolis.
2003 Uchumi engages in ambitious business automation process by implementing an ERP System
2005 Uchumi closes 10 of perennially loss making branches. Uchumi raises kshs 1.2 billion in a successful rights issue that saw majority shareholders whittle their shareholding from 52% to less than 20%.
2006 Uchumi Board of Directors declares the company insolvent. The company is put in receivership by the secured lenders.
Following the closure of Uchumi retail trading by the board in the financial year ending June 2006, revival of the chain stores was commenced in July, 06 until February, 2007.
2010 The lifting of receivership by the lending banks
2011 Company relisted on the Nairobi Securities Exchange, exactly five years after suspension


Today, Uchumi is one of the largest commercial retailing companies in the country, employing over 1000 people and operating 20 branches in Kenya (13 in Nairobi,  7 up country branches that is Karatina, Kericho, Meru ,Eldoret , Juja ,Mombasa and  Kisumu) .

BOARD

J... K...

Chief Executive Officer
Effective 2 years ago
UCHUMI SUPERMARKETS
Kenya - Retail | Consumer Goods
Chief Executive Officer
Effective 2 years ago


Acting Chairman
Ongoing


STANDARD GROUP
Kenya - Media & Communications
Non-Executive Director
Effective 1 month ago

53 relationships

C... N...

Chairman
Effective 1 year ago

C... K...

Non-Executive Director
Ongoing
UCHUMI SUPERMARKETS
Kenya - Retail | Consumer Goods
Non-Executive Director
Ongoing


CAPITAL MARKETS AUTHORITY KENYA
Kenya - Financial Services
Independent Non-Executive Director
Unknown - 2015

T... K...

Non-Executive Director
Effective 1 year ago

L... O...

Director
Effective 1 year ago

G... K...

Director
Ongoing

J... K...

Director
Ongoing

E... M...

Director
Ongoing

D... O...

Director
Ongoing

M... K...

Non-Executive Director
Effective 1 year ago

I... M...

Non-Executive Director
Ongoing
MANAGEMENT

R... K...

Acting Internal Audit Manager
Effective 1 year ago

H... B...

Acting Head, Marketing
Ongoing

M... K...

Chief Information Officer
Effective 1 year ago

B... K...

Head, Strategy
Effective 1 year ago

E... O...

Human Resource Business Partner
Ongoing

S... S...

Security Service Manager
Ongoing

A... D...

Chief Operations Officer
Effective this month
UCHUMI SUPERMARKETS
Kenya - Retail | Consumer Goods
Chief Operations Officer
Effective this month


NAKUMATT
Kenya - Retail | Consumer Goods
Chief Marketing Officer
2016 - 2017

Left the company less than a year ago

P... M...

Interim Chief Operations Officer
Is leaving this month

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