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Originally published by Capital Business
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business
October 27, 2025
1w ago

Ombudsman seeks CMA action over Uchumi market disclosure breach

Ombudsman seeks CMA action over Uchumi market disclosure breach

NAIROBI, Kenya, Oct 27 - The Commission on Administrative Justice (Office of the Ombudsman) has written to the Capital Markets Authority (CMA) seeking an Kenya breaking news | Kenya news today |..

✨ Key Highlights

The Ombudsman (Commission on Administrative Justice) has asked the Capital Markets Authority (CMA) to explain its alleged inaction regarding Uchumi Supermarkets PLC's persistent non-compliance with disclosure regulations. This follows a complaint from Francis Njoroge Wanjiku concerning the retailer's breach of market-disclosure rules.

  • The complaint, dated September 9, 2025, accuses Uchumi's Board of Directors of violating CMA (Public Offers, Listings and Disclosures) Regulations, 2023.
  • The CMA has been directed to respond within 14 days.
  • Uchumi Supermarkets PLC reported year-to-date revenue of Sh 86.29 million for the period ending June 2025, a 67 % increase, with a market capitalization of around Sh135 million.

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