The resignation of two more senior executives of cash-strapped retailer Uchumi Supermarkets has cast a dark cloud on the government’s attempts to revive the chain. But Mr Kipng’etich on Friday sought to assure the public that everything was overboard and that those leaving were managers who were reacting to the “painful reform agenda” he had instituted. He defended one of the suppliers saying the company had loaned a lot of money to Uchumi. “It is an open market, staff are open to joining or leaving depending on opportunities that are available to them in the market,” Mr Kipng’etich said. He said because of low supplier confidence, Uchumi came up with a stop gap measure to obtain stock on cash basis.

Source: Daily Nation August 19, 2016 21:24 UTC