Historical Milestones

historical milestones

 

Year Milestone
1976 Uchumi Market, Westlands, Aga Khan Walk branches opened. Uchumi shareholders enter into a management contract with Standa S.P.A of Italy.
1992 Uchumi Supermarkets Ltd goes public with 60 million shares floated at the Nairobi Securities Exchange. The first branch outside Nairobi - Nakuru East opened
1997 Uchumi’s first Hypermart opens its to customers along Ngong Road.
2000 Uchumi spreads its wings to the Coastal region by opening Mombasa Station Hyper.
2002 Uchumi crossed the Kenya borders and set up a store in Kampala, Uganda. The store located in Kampala’s Nakasero suburb has been an instant hit amongst the residents of the metropolis.
2003 Uchumi engages in ambitious business automation process by implementing an ERP System
2005 Uchumi closes 10 of perennially loss making branches. Uchumi raises kshs 1.2 billion in a successful rights issue that saw majority shareholders whittle their shareholding from 52% to less than 20%.
2006 Uchumi Board of Directors declares the company insolvent. The company is put in receivership by the secured lenders.
Following the closure of Uchumi retail trading by the board in the financial year ending June 2006, revival of the chain stores was commenced in July, 06 until February, 2007.
2010 The lifting of receivership by the lending banks
2011 Company relisted on the Nairobi Securities Exchange, exactly five years after suspension

Today, Uchumi is one of the largest commercial retailing companies in the country, employing over 1000 people and operating 20 branches in Kenya (13 in Nairobi,  7 up country branches that is Karatina, Kericho, Meru ,Eldoret , Juja ,Mombasa and  Kisumu) .

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