In Kenya, two key sectors, KRA (Kenya Revenue Authority) and financial institutions, play a vital role in fostering local business sustainability and growth. While banks often report high profits, many other sectors struggle with stagnation, reduced profits, and higher losses. This disparity has sparked discussions on the imbalance between the performance of banks and other industries. Both positive and negative feedback emerged from reflecting on the relationship between these sectors, highlighting the need for more synchronized support to benefit all parts of the economy.
THE CAPITAL POINT |THE STATE OF UCHUMI SUPERMARKET| CEO, UCHUMI|MR
The CEO of Uchumi Supermarkets, Mr. Mohamed Mohamed, recently appeared on The Capital Point to provide an in-depth analysis of the current state of the retail chain and outline the company’s ambitious turnaround strategy. The conversation shed light on Uchumi’s challenges, its plans for revival, and its place in Kenya’s evolving retail landscape.
UCHUMI’S PATH TO DEBT RECOVERY – CITIZEN TV
In a recent interview with Citizen TV, Mohamed Mohamed, the CEO of Uchumi Supermarkets, provided a comprehensive update on the embattled retailer’s strategy to address its financial struggles and revive operations. The discussion highlighted Uchumi’s efforts to manage its significant debt, innovative plans for the future, and the challenges of navigating a competitive retail market.
Business Laws (Amendment) Bill, 2024
The Business Laws (Amendment) Bill, 2024, introduced to Kenya’s National Assembly on November 13, 2024, proposes significant reforms across multiple statutes to create a more competitive, transparent, and modern business environment. The amendments aim to address national economic priorities, enhance investment opportunities, and bolster regulatory frameworks.




