The government, in its capacity as the major stakeholder in the affairs of the collapsed Uchumi Supermarkets, should follow through on the actions required to resolve the woes of the company, its investors and creditors are facing.
Years after going bankrupt, it has not made any payments to its creditors under the so-called Company Voluntary Agreement (CVA). The shares of the company, meanwhile, continue to attract informed and uninformed speculators on the Nairobi Securities Exchange.
