Uchumi's Share Price Spikes 600% as Retailer Posts First Operating Profit in 11 Years
Uchumi posted its first operating profit since 2014, reporting 8.8 million shillings for FY25 as rental income and lower overheads supported a narrow turnaround. Sales rose 88% to 123 million, while creditor settlements reached 95% under the restructuring plan. The market reacted sharply, with the share up 200% in November and 617% year-to-date, the strongest performance at the NSE. Net income remains undisclosed and retail operations remain limited.
CMA Opens New Uchumi Governance Review as Stock Price Soars 365% on Speculation
The Capital Markets Authority has opened a new governance review into Uchumi Supermarkets after a complaint by investor and lawyer Francis Njoroge Wanjiku, citing audit delays, weak governance and stalled Company Voluntary Arrangement progress. The move comes as Uchumi’s share price surges 365 percent this year to its highest level since 2019, a rally driven by speculative trading despite unresolved financial and legal pressures.Naivas FY2025 Profit Up 43% to KSh 2.45Bn, Equity Reversal Shows Ownership Shift
Naivas, Kenya's largest supermarket chain, has reported a 43.4% leap in net profit to KSh 2.45 billion, on the back of a 21.6% revenue increase
Naivas Elevates Longtime Strategist to CEO
Kenya’s largest retail chain, Naivas Supermarkets, has announced Andreas von Paleske will assume the role of Chief Executive Officer (CEO), succeeding founding CEO David Kimani, who is stepping down after [...]Chicken Inn, Pizza Inn Owner's Revenue Jumps 12%, Deliveries Grow as Customer Visits Dip
Simbisa Kenya, operator of Chicken Inn, Pizza Inn, Creamy Inn, Baker’s Inn, and Galito’s, has reported 12% revenue growth in the year to June 2025. For real time market updates [...]Kenchic Unveils Branded Butcheries in Residential Areas
Kenchic, a dominant player in Kenya’s poultry market, has launched Kenchic Mtaani' butcheries to formalise the meat distribution sector and expand access. “Our priority has always been the health of [...]
Fresh Del Monte Produce Inc. Clarifies It Is Not Affiliated with Del Monte Foods Inc.
A fully independent company, Fresh Del Monte is unaffected by the recent legal and financial matters involving Del Monte Foods Inc. CORAL GABLES, Fla.: Fresh Del Monte Produce Inc. (NYSE: FDP) [...]
Uchumi Wins KSh26.7 Million in Franchise Dispute as Revival Efforts Drag On
Uchumi Supermarket PLC has emerged victorious in a commercial dispute with Aljazeera City Market, after the High Court awarded it KSh26.7 million in special damages arising from a breached franchise [...]Naivas' Full Year Profits Decline by 19.6% to KSh 1.9 billion
Naivas posted a KSh 1.9 billion in profit after tax for the year ended June 2024 a 19.6% decrease from KSh 2.3 billion reported in the same period in [...]
