Uchumi creditors now face ‘take it or leave it’ situation

In Summary

• In a proposed recovery plan filed in court, the retail chain reveals it is in a deep financial hole and will only survive if its creditors agree to forfeit 70 per cent of total claims

By Gadiosa Lamtey and Galgallo Fayo @TheCitizenTZ news@tz.nationmedia.com

Hopes to settle suppliers’ calims from cash-strapped Uchumi Supermarkets in both Kenya and