OPINION | Julius Businge | In Uganda’s rapidly growing retail landscape, supermarkets like Carrefour, Quality Supermarket, Capital Shoppers, Fraine, and Mega Standard play a key role in promoting local businesses. Nakumatt, Uchumi, Tuskys (all Kenya-based), Game Stores, and Shoprite (South Africa-based) have in recent years quit the Ugandan market citing an unprofitable working …
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London, United Kingdom | AFP | Leading British supermarket chains have warned Brazil they may be forced to boycott its goods if lawmakers in the South American country pass a bill that would “encourage further land grabbing” in the Amazon. In an open letter to Brazilian senators and deputies, the companies …
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London, United Kingdom | AFP | Newcastle manager Steve Bruce believes going to the supermarket or petrol station could pose a greater a risk of coronavirus than a return to football given the strict measures put in place to protect players. However, Bruce warned his squad could “fall down like a …
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Kampala, Uganda | THE INDEPENDENT | Business seem to be worsening at the retail chain, Uchumi Supermarkets. Latest data shows that the retail chain recorded a 63.5% growth in net losses to US$8.95million for the half year ended Dec 2017 citing reduced sales. The listed company recorded a net loss …
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Nakumatt: Unstable US$150m debt sends jitters among retail supermarket suppliers Business at Nakumatt supermarkets in Uganda has been slowly declining for months but recent persistent reports that all is not well at the parent company of the Kenya-based regional retail giant may have made a bad situation worse. The Nakumatt …
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The Independent Uganda: You get the Truth we Pay the Price