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Government rules out another financial bailout for Uchumi Supermarkets

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The government has ruled out another financial bailout for Uchumi Supermarkets throwing recovery efforts of the troubled retailer in jeopardy. Trade Principal Secretary Dr. Chris Kiptoo says the government will form a team to draft a comprehensive recovery plan before more funds can be injected into the retailer that is reeling under a huge debt stock running into billions of shillings. Dr. Kiptoo spoke during the launch of the second edition of the Kenya Trade Week that runs end of this month.

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