Uchumi Supermarkets has disclosed that it was technically insolvent to the tune of Sh7.05 billion as at June 2025, ahead of its first shareholder meeting in eight years.
This represents a massive 106.74 percent jump from a negative equity position of Sh3.41 billion as at June 30, 2017 and reflects accumulated losses and liabilities that heavily weighed down the retailer’s recovery prospects.
