Battle: Dar es Salaam vs Nairobi

Battle: Dar es Salaam vs Nairobi

this is just, one of the few essence or indicators of having a larger economy than your rival neighbour
That shows clearly that kenyan econony is concentrated in and around Nairobi the rest of the country hamna kitu
 
That shows clearly that kenyan econony is concentrated in and around Nairobi the rest of the country hamna kitu
kumaanisha nairobi inafika hadi lake victoria na hadi mt elgon na mt kenya.!?... ok.
ofcourse you knw the northern and eastern parts are mostly arid and semi arid.
now this is kenya for you👇
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Uchumi lands in trouble with Uganda regulator​



SUNDAY AUGUST 08 2021​

Uchumi supermarket

Uchumi supermarket has been accused of violating rules. PHOTO | FILE

Summary

  • Uchumi Supermarkets has come under the radar of the Uganda Securities Exchange (USE) for non-compliance with listing obligations.
  • Uchumi, cross-listed on the Uganda, Rwanda and Tanzania exchanges had its shares suspended from trading on the Ugandan bourse on July 19 through a public notice.#
  • Uchumi’s financial woes worsened in 2015, after failing to pay suppliers forcing the company to opt for credit management initiative and to restructuring.


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By KABONA ESIARA
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Uchumi Supermarkets has come under the radar of the Uganda Securities Exchange (USE) for non-compliance with listing obligations.

USE has reached out to the Nairobi Securities Exchange and Capital Markets Authority to force the struggling retailer to adhere to public disclosure standards.

“We are in discussions with Nairobi Securities Exchange and the Kenya Capital Markets Authority,” Paul Bwiso, USE chief executive told The EastAfrican following suspension of trading of Uchumi shares on the Ugandan bourse.

Uchumi, cross-listed on the Uganda, Rwanda and Tanzania exchanges had its shares suspended from trading on the Ugandan bourse on July 19 through a public notice. USE said: “Uchumi failed to comply with listing obligations prescribed under the USE Fees, Charges and Penalties Rules of 2021 and the USE Listing Rules of 2021 respectively.”

Uganda is now banking on combined efforts of the Uganda and Kenya capital markets regulators to whip Uchumi into play by listing rules.

Continuous disclosure of information to the public is a mandatory for listed companies. “But Uchumi stopped reporting its financial results,” said Francis Gajja a trader at Equity Stockbrokers Uganda Ltd, saying the supermarket chain has had a rough time to sustain its business operations in a competitive East African retail space.

Uchumi’s financial woes worsened in 2015, after failing to pay suppliers forcing the company to opt for credit management initiative and to restructuring.

The retailer even asked for certain waivers and some time to restructure debt and stabilise the company, then revert to prudent reporting as required but it failed.

“We expected the company to take advantage of the 2020 Covid-19 lockdown to report back to us but did not,” said Mr Bwiso.

 
Kenya's are ruthless to their government,no wonder haujui your loans labda tukuambie...by the way Tanzania ndo nchi pekee inasifu Serikali yap hii EAC

How has the so called ruthless helped you fools,
Uhuru and William Lootal are the patrons of steeling, politicians are looting everything in and out and I never heard anyone resigning
 
zile marathons wanazofanya makampuni makubwa ya kibongo wangeyaorganize vizuri ili wapate au wafanye vetting ya watu wenye fitnesses nzuri ya kukimbia then wawadhamin hao wanaofanya vizuri.. lkn naona kila kampuni inajiamulia tu kufanya marathon bila kufanya vetting au kumchukua mkimbiaji yeyote.. cha ajabu watu maarufu tu ndo wanaonekana kwenye camera

They are doing it for fun, let them be. kwani what is so special about Olympic naona mnaipa uzito as if ni pepo.
 
Kenya's are ruthless to their government,no wonder haujui your loans labda tukuambie...by the way Tanzania ndo nchi pekee inasifu Serikali yap hii EAC

You are ruthless because of empty stomach. You guys are screwed up by your fellow countrymen gikuyu. You are always in class struggle to get rid of dominance of those fellows.
 
They are doing it for fun, let them be. kwani what is so special about Olympic naona mnaipa uzito as if ni pepo.
Olympics ni the greatest sporting event on the planet. Its the pinnacle of any athlete, kila athlete anataka kuparticipate (ni kama world cup kwa football ). Ungejua the amount of resources nchi kama china na marekani wanazotumia kutry and dominate the Olympics na vile nchi zinapigania kuhost the event ungejua uzito wake..but of course you wouldn't understand because you're not good at any sports
 
zile marathons wanazofanya makampuni makubwa ya kibongo wangeyaorganize vizuri ili wapate au wafanye vetting ya watu wenye fitnesses nzuri ya kukimbia then wawadhamin hao wanaofanya vizuri.. lkn naona kila kampuni inajiamulia tu kufanya marathon bila kufanya vetting au kumchukua mkimbiaji yeyote.. cha ajabu watu maarufu tu ndo wanaonekana kwenye camera
Wakimbiaji hawapatikani kwenye marathons. Btw hizo marathons za crdb,bima etc ni za social rumners
 
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