Sunday, October 30, 2016

Bostwana’s Choppies to inject Sh755m into loss-making Ukwala

Corporate News
Ukwala Supermarket on Tom Mboya Street in Nairobi. PHOTO | FILE
Ukwala Supermarket on Tom Mboya Street in Nairobi. PHOTO | FILE 
By VICTOR JUMA, vjuma@ke.nationmedia.com
In Summary
  • Choppies says it will invest the cash to open 12 more stores in the local subsidiary over three years.
  • The move comes as Ukwala made a net loss of Sh270.1 million in the year ended June.
  • Choppies says Ukwala currently has eight stores in the major towns including Nakuru and Kisumu.

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