Performance
The above results are as a result of efforts by the board of directors to clean up the books and create a platform for an immediate return to profitability.
These are figures as at June 30, 2015 and reflect the legacy issues that were undermining the performance of the business. The Company has also provided for KShs1.6 billion in respect of the impairment of the recently closed subsidiaries in Tanzania and Uganda and KShs1.04 billion for write-off, which relates to items arising from management misrepresentation and manipulation of the system by the previous management. Accordingly, some prior year numbers have been restated to reflect the correct financial position of the organization as at June 30, 2014.
The new management has crafted a transformation plan to optimize and put the business on a growth trajectory through staff and store rationalization, disposal of non-core property as well as engagement of our suppliers and customers whose effect has been
sustained loyalty and increase of stock availability on our shelves.

Board Changes
Three members of the board of directors of Uchumi Supermarkets Limited who were due for re-election in the forthcoming annual general meeting have opted not to seek re-election. The chairperson Khadija Mire and directors James Murigu and Bartholomew Ragalo will step down during the AGM. The board of directors has nominated Catherine Ngahu, executive director of SBO Research
and former chair of Kenya ICT Board to be the new chairperson and Louis Otieno of Microsoft Africa as a director to fill casual vacancies on the board subject to confirmation by the shareholders at the forthcoming AGM.

BY ORDER OF THE BOARD
Ms. Khadija Mire,
Chairperson

Wah. Kipng'etich is the man.

I would like to know Why he left Equity Bank.

A "Governor Njoroge + Kipng'etich" vs "Uhuru + Ruto" election contest can be very interesting. No tribalism issues, just honesty.

Sam Kimani of JBB is the master of this orchestra. Kipngetich is under instructions

A "Governor Njoroge + Kipng'etich" vs "Uhuru + Ruto" election contest can be very interesting. No tribalism issues, just honesty.

This would be a pure dream team!!!

In some western countries, certain groups would have already sent emissaries to them trying to convince them to run and even organizing fundraisers for their campaign kitty if and when they agree to run.

But ile ubarathuli, upumbavu, ujinga na ukabila iko Kenya haiwezi turuhusu!!!