Uchumi Supermarket: Creditors Meeting 2026 Set for September 21

• Uchumi Supermarket PLC will hold a virtual creditors' and members' meeting on September 21, 2026, at 10:00 am.
• Owen Koimburi, the Insolvency Practitioner, issued the notice for the meeting, which is part of ongoing insolvency proceedings.
• The meeting is legally mandated by Section 628 of the Kenya Insolvency Act 2015 and related regulations.
• Key agenda items include a CEO presentation, a CVA Monitor's report, and an open forum for members.
• Uchumi has been under insolvency-related restructuring since 2019 to resolve outstanding obligations to creditors.

Owen Koimburi, the appointed Insolvency Practitioner overseeing the company's restructuring, issued a notice confirming the details of this upcoming Uchumi Supermarket creditors meeting 2026.

Uchumi Supermarket PLC is poised to convene a significant virtual meeting for its creditors and members on Monday, September 21, 2026, at 10:00 am. This gathering forms an integral part of the ongoing insolvency proceedings currently under the purview of the High Court of Kenya. Owen Koimburi, the appointed Insolvency Practitioner overseeing the company's restructuring, issued a notice confirming the details of this upcoming Uchumi Supermarket creditors meeting 2026.

Stakeholders, including legal representatives for creditors and members, are strongly encouraged to register in advance for the virtual event. The specific registration link will be provided within the official notice, ensuring all interested parties can participate in this critical juncture for Uchumi Supermarket insolvency Kenya. The meeting aims to provide updates and facilitate discussions on the company's financial and operational status as it navigates its complex restructuring process.

The upcoming meeting is formally mandated by Kenya's insolvency regulations, specifically citing Section 628 of the Insolvency Act No. 18 of 2015, alongside Rule 134 and the Third Schedule of the Insolvency Regulations, 2016. This legal framework underscores the gravity and procedural requirements governing such creditor engagements within the Kenyan legal system. The proceedings are formally documented under Insolvency Petition No. IP 25 of 2018, which is being heard within the Commercial and Admiralty Division of the High Court of Kenya.

Uchumi Supermarket, once a dominant force among the country's largest supermarket chains, has been undergoing insolvency-related restructuring efforts since 2019. The primary objective of this protracted process is to systematically address and resolve the substantial outstanding obligations owed to its creditors. The continued oversight by Owen Koimburi, Insolvency Practitioner, is central to guiding the company through these intricate legal and financial challenges.

The Uchumi CVA meeting agenda outlines a comprehensive set of discussions designed to inform and engage all participants. The session will commence with opening remarks delivered by the chairman, setting the stage for the subsequent presentations. A crucial component will be a detailed presentation from the Chief Executive Officer, who will provide updates on the company's operational, legal, and financial matters, offering transparency into its current state.

Further insights will be provided through a report from the Company Voluntary Arrangement (CVA) Monitor, detailing the progress and challenges encountered within the CVA framework. An open forum is also scheduled, allowing members a valuable opportunity to articulate their perspectives and share views on the achievements of the CVA to date. Additionally, the meeting will consider any written notices that have been formally received by the Monitor's office up to 48 hours prior to the scheduled start time, ensuring all pertinent concerns are addressed.

Lawyers representing creditors of Uchumi Supermarket or those monitoring significant Kenyan insolvency proceedings should note the upcoming virtual creditors' and members' meeting to understand the Company Voluntary Arrangement's progress and ensure client interests are represented in this ongoing High Court matter.

Source: Original reporting via Capital FM