Monday, July 27, 2009

Investors need to support Uchumi.


Close to four years ago, Uchumi Supermarkets Ltd investors woke up to the rude shock: the company had been put under receivership in a controversial manner. Worse still, their shares had been suspended in the Nairobi Stock Exchange. The situation was gloomy to say the least.
The company was put under receivership three years ago and it is amazing how successful this arrangement has been. Under the stewardship f the receiver manager, Mr. Jonathan Ciano, the giant retail shop has been remarkably turned around.
It’s therefore important that the shareholders support all the plans to revive it. Investors are longing to invest in it when its shares are re-listed in the stock market.

James M Kanyi
Juba.Southern Sudan.

No comments:

Post a Comment