Uchumi Supermarkets' #ticker:UCHM chief executive Julius Kipng’etich’s sudden departure has called into question the retailer’s recovery prospects in an environment where deep-pocketed foreign rivals are racing to take more territory from struggling local rivals.
Dr Kipng’etich, whose resignation took Uchumi’s board by surprise, joined the retailer in August 2015 in what was billed as a swift turnaround mission.
