Retail chain Uchumi Supermarkets has finally found a buyer for its land in Kasarani, Nairobi and was expected to sign the final deal Tuesday, offering suppliers and creditors it owes millions of shillings some hope for a settlement.
Court filings show that the troubled retailer has entered into an agreement with Jewel Complex Limited to sell the land at Sh2.8 billion and that a Sh330 million deposit has already been paid.
