CMA Opens Fresh Uchumi Review as Stock Surges 365% in 2025
The Capital Markets Authority has opened a new governance review into Uchumi Supermarkets after investor and lawyer Francis Njoroge Wanjiku filed a complaint raising concerns about board conduct, disclosures and regulatory compliance.
- •In its formal response to the Commission on Administrative Justice, the Capital Markets Authority outlined audit delays, weak governance structures and stalled Company Voluntary Arrangement progress, and confirmed that it is conducting a fresh assessment of the retailer.
- •The ongoing assessment covers the company’s financial reporting history, board effectiveness, operational disclosures, Company Voluntary Arrangement commitments and the status of ongoing litigation, including disputes linked to…
