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Originally published by Capital Business
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business
November 7, 2025
2h ago

Fresh hurdle for Uchumi as court dispute threatens recovery plan

Fresh hurdle for Uchumi as court dispute threatens recovery plan

NAIROBI, Kenya, Nov 7 - Troubled retailer Uchumi Supermarkets is facing a fresh hurdle in its long-running recovery bid, with a lingering court battle Kenya breaking news | Kenya news today |..

✨ Key Highlights

Uchumi Supermarkets faces a new threat to its recovery plan as a contentious High Court ruling stalls the sale of its 17-acre Kasarani property, a crucial part of its Company Voluntary Arrangement (CVA).

  • The CVA, approved by creditors, relies heavily on the sale of the disputed land to settle debts.
  • The company's Monitor, FCPA Owen Koimburi, stated the High Court ruling "continues to threaten the CVA."
  • A Senior Counsel has been appointed to lead an appeal in the Court of Appeal (reference E455 of 2025) for the property sale.
  • 95 percent of planned creditor payments have been made, including full settlement of bank loans.
  • Plans to redevelop the Lang’ata Hyper property are also delayed due to a tenant refusing to vacate.

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