Uchumi Supermarkets is looking for a strategic investor to take a controlling stake in the retailer in exchange for a Sh5 billion capital injection.

http://www.businessdaily...90/-/9t6kx7/-/index.html

This is now where Kipngetich stumbling block.He was brought in to revive the supermarket chain into profitability and not to bring in a strategic investor.

Ooooh we are going to sell Ngong Rd and Langata Rd property to repay the debts.
Oooh we are closing subsidiaries in Uganda and Tanzania
Oooh we are now looking for a strategic investor.

Once the strategic investor who will take a controlling stake is brought in;he will come with his people and Kipngetich may be replaced with the strategic investor appointee.

Uchumi needs to put a freeze on opening new branches;refurbish the existing ones and profits made used to reduce the debt burden.
They have key branches at very strategic locations.

There are three type of CEOs;
--There is the turnaround CEO
--There is the growth CEO
--There is the startup CEO
Kipngetich should know where he fits and align himself to what the supermarket chain wants;right now it needs a turnaround CEO;keep a lid on expenses and overheads and ensure branches start become profitable.

GOK can just offload its shares at NSE.

The economic boom during NARC and Grand Coalition days are gone,gone and gone.
The Jubilee government has messed up the economy,the populace have no money to spend like they used before.Purchasing power has been battered severely by taxes and inflation
Next it will be the shopping malls;I pity the likes of Two Rivers and Garden City no people to shop

I'm not getting you. If it's a capital injection, new shares have to be issued