An Uchumi store. Photo/the-star.co.ke
Supermarket chain Uchumi has began its recovery journey after a long period of turmoil in debt that has slowed down its growth and expansion in the country.
The retailer has found an investor that will chip in Sh 3.5 billion that will be used to pay part of the Sh 5 billion debt.
The store is awaiting the approval of regulatory approval to begin its journey and get back on its feet.
They have also received Sh 500 million from the government that will help restock the existing stores.
Although this has come a long after they announced they are looking for an investor, they are set to get back in business in 3 months time.