Uchumi survival on knife edge as KDF occupies Kasarani land : The Standard - News Summed Up

Uchumi survival on knife edge as KDF occupies Kasarani land : The Standard


Now the military want to cure allocation of the land to Solio Construction Company, asking Uchumi to carry the burden of proof for buying the land. SEE ALSO :Land grabbing high in Thika townBut KDF wants Uchumi to provide evidence beyond reasonable doubt that they legally acquired the land. The camp is on Ministry of Defence land. In tomorrow’s meeting with creditors, Uchumi Supermarkets hopes to convince them to take a 70 per cent cut on their debt as the windfall of the sale of Kasarani land looms. Uchumi finally wants to audit its Sh3.6 billion supplier debt with hope that the mountain of credit will reduce.


Source: Standard Digital May 11, 2019 21:05 UTC



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