Uchumi Supermarkets #ticker:UCHM has received a major shot in the arm after the High Court declared the cash-strapped retailer to be the legal owner of a 20-acre piece of land valued at around Sh2.3 billion.
The land in Nairobi’s Roysambu area on the Thika super highway has been the subject of protracted court battles between the retail chain and squatters who had claimed ownership of the prime property.
