It's a process. In KE, 6 months into a court case is just the beginning. Look at banks who sue defaulters.

KDF wanted it, but it was sold to the highest bidder

Good luck to all Uchumi shareholders.

Troubled retail chain Uchumi Supermarkets is locked in a land ownership dispute with the Kenya Defence Forces (KDF), which has laid claim to a 20-acre prime parcel of land located in Kasarani, near the Thika Superhighway.
KDF has moved its equipment on the disputed land, creating a standoff with the cash-strapped retailer.

“The Roysambu KDF Camp is on Ministry of Defence land; the issue of laying claim to a military camp does not arise. The onus is on the claimant to provide evidence,” said the KDF spokesperson Colonel Paul Njuguna in a response to Business Daily queries.

https://www.businessdail...5268-hftuivz/index.html

Good luck to all Uchumi shareholders getting back this land from KDF anytime soon, if at all.

UCHUMI SUPPLIERS AGREE TO FORFEIT 2.5B
uppliers of troubled Uchumi supermarkets have agreed to forfeit Ksh.2.5 billion debt owed to them as part of a proposed recovery plan for the retailer.

The slash on debt represents 70 percent of the total Ksh.3.6 billion owed to the suppliers for goods supplied.

The suppliers will be paid 30 percent of the accruing debt, 40 percent of the debt will be converted to equity through preferential shares while 30 percent will be discounted debt.

“This is a positive development for the company. It will however be an ongoing stakeholder engagement at both the company and shareholder level,” said Mohammed Mohammed CEO Uchumi Supermarkets.

In March this year, Uchumi gave the creditors two options; either take 30 percent of what the retailer owes them or be prepared to lose all their money.

The adoption of the debt redemption strategy under Uchumi’s self initiated Company Voluntary Agreement (CVA) gives breathing room to the under fire retailer having faced a barrage of winding up petitions in 2018.