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Treasury lines up Sh500m for Uchumi bailout
An Uchumi Supermarkets store in Nairobi. PHOTO | FILE
The Treasury has lined up a Sh500 million cash bailout for ailing supermarket chain Uchumi, in yet another government-backed rescue plan for the retailer.
Uchumi’s proposed rescue package is contained in this year’s supplementary Budget estimates tabled in the National Assembly on Thursday last week.
