Kampala, Uganda | THE INDEPENDENT | Trade Minister, Amelia Kyambadde has said shops, arcades, supermarkets, boutiques, and salons are expected to remain open with people able to walk in and order whatever goods they want. This comes after a misconception that these were also among those ordered to cease operations …
Read More »Uchumi narrows losses
Kampala, Uganda | THE INDEPENDENT | Retail chain, Uchumi Supermarkets posted a 39 % improvement in its loss position in the financial year ended June citing improved cost management. The retailer recorded a Kshs 1.7 billion loss after tax during the year, compared to a Kshs 2.8 billion in the previous …
Read More »Nakumatt’s elephant missteps
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 …
Read More »I started supermarkets – Harshad
By Patrick Kagenda Harshad Barot is the owner of the Ovino market, one of the most modern and biggest markets in Uganda, and a chain of other real estate developments, including apartments Kampala, Bugolobi, and Nkumba and Tirupati recreational Park at Jinja, whose construction is ongoing. The Independents Patrick …
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