The Rise and Fall of Uchumi Supermarket: A Cautionary Tale of Corporate Ambition
Uchumi Supermarket was once a Kenyan retail giant—a symbol of national pride and economic promise. Founded in 1975 as a government-backed retailer, it aimed to serve Kenyans with fair pricing and quality products. For decades, it thrived, pioneering innovations in retail and expanding across East Africa. Yet, mismanagement, weak controls, internal fraud, and reckless expansion … Read more