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Originally published by Capital Business
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business
September 9, 2026
3w ago

Uchumi Supermarket to hold creditors’ meeting as insolvency process continues

Uchumi Supermarket to hold creditors’ meeting as insolvency process continues

The meeting forms part of Insolvency Petition No. IP 25 of 2018, which remains before the High Court of Kenya’s Commercial and Admiralty Division...

✨ Key Highlights

Uchumi Supermarket PLC is scheduled to hold a creditors' and members' meeting on September 21, 2026, as part of its ongoing insolvency proceedings before the High Court of Kenya.

  • The meeting, overseen by Insolvency Practitioner Owen Koimburi, will address the Company Voluntary Arrangement (CVA) and operational, legal, and financial matters.
  • This follows years of restructuring efforts since 2019 as the once prominent retailer seeks to resolve outstanding obligations to creditors.
  • The proceedings are part of Insolvency Petition No. IP 25 of 2018.

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Property developer Artesano is set to construct a new Sh593.4 million hotel in Gigiri, Nairobi, aiming to serve diplomats, business travelers, and residents. Separately, Uchumi Supermarket PLC is scheduled to hold a creditors' and members' meeting on September 21, 2026, as part of its ongoing insolvency proceedings before the High Court of Kenya. Meanwhile, newly appointed National Infrastructure Fund (NIF) CEO James Mworia supports listing an infrastructure fund on the Nairobi Securities Exchange (NSE) to boost investment.

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