AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Kenyans Hand Uchumi a Lifeline.
(From The Nation (Kenya) - AAGM)
Byline: Kaburu Mugambi
Kenyans have given Uchumi Supermarkets a second chance by pumping into the supermarkets chain Sh1.269 billion in the recent concluded rights issue.
Uchumi chairman Dr Eddah Gachukia told reporters at the company's head office in Nairobi yesterday that the troubled times are over. "This is a Kenyan solution to a local problem," she said.
When Uchumi started experiencing financial problems there were views that the company should invite a foreign investor. However, it was decided the money should be raised through a rights issue.
Uchumi will use the money mainly to restock, …
-
- Uchumi Rights Issue Headed for Oversubscription.
-
News wire article from: Asia Africa Intelligence Wire
September 28, 2005
700+ words
-
- Uchumi Rights Issue Hits Sh1bn.
-
News wire article from: Asia Africa Intelligence Wire
October 4, 2005
700+ words
-
- Ugandan Investors Embrace Uchumi's $16m Rights Issue.
-
News wire article from: Asia Africa Intelligence Wire
September 21, 2005
700+ words
-
- Uchumi Prices On the Rise As Market Prepares for Rights Issue Scramble.
-
News wire article from: Asia Africa Intelligence Wire
August 23, 2005
700+ words
-
- Uchumi Rights Issue: Now Comes the Hard Part.
-
News wire article from: Asia Africa Intelligence Wire
October 19, 2005
700+ words
