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Uchumi targets Sh3bn land sale to boost comeback

Uchumi chief operating officer Andrew Dixon at the Uchumi Capital Centre along Mombasa Road during a restocking exercise on December 14, 2017. The management has promised customers a wide array of groceries and household items. PHOTO | SALATON NJAU | NMG

By  STELLAR MURUMBA

Retail chain Uchumi #ticker:UCHM is betting on the sale of its prime land in Nairobi’s Kasarani to fuel a comeback bid that started yesterday in earnest with the restocking of its stores countrywide.

Andrew Dixon, the company’s chief operating officer (COO), said that the land, which is now valued at Sh3 billion, had attracted very competitive bids that should come through in due course.

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