{"id":15513,"date":"2020-10-06T19:51:25","date_gmt":"2020-10-06T19:51:25","guid":{"rendered":"https:\/\/www.africa-press.com\/kenya\/?p=15513"},"modified":"2020-10-06T19:51:25","modified_gmt":"2020-10-06T19:51:25","slug":"uchumi-debts-to-be-verified-through-a-portal","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/economy\/uchumi-debts-to-be-verified-through-a-portal","title":{"rendered":"Uchumi debts to be verified through a portal"},"content":{"rendered":"<p><strong>Author: WAINAINA WAMBU<\/strong><br \/>\n<strong>AfricaPress-Kenya:<\/strong> Uchumi Supermarkets has opened a portal for trade and services creditors to register their debts as part of the retailer\u2019s implementation of the Company Voluntary Agreement (CVA).<\/p>\n<p>Registration of debt incurred before March 2 through the online portal\u00a0http:\/\/www.myuchumi.com\/\u00a0will allow the retailer verify and audit debt.<\/p>\n<p>\u201cThe CVA which was approved by the High Court directs that we verify all old debts through a transparent and sustainable process and we are asking all suppliers to register their debts within the next three weeks,\u201d said Uchumi Supermarkets CEO Mohamed Mohamed.<\/p>\n<p>The exact amount of supplier debt will be known once the verification process is completed.<\/p>\n<p>The CVA, the retailer\u2019s blueprint for the return to profitability, provides a proposed review of the restructuring of the current debt as well as the strategic overview of the business operations of the retail chain that has been undertaken by the Board and Management of Uchumi and other experienced consultants including Owen Koimburi who was appointed as the Supervisor in 2019.<\/p>\n<p>Earlier this year, creditors including banks, suppliers and shareholders agreed on the CVA that will see them take a 30 per cent haircut and get repaid in parts within six years.<\/p>\n<p>Aside from the haircut, 40 per cent of the debt owed to unsecured creditors will be converted to non-cumulative convertible preferred shares.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Author: WAINAINA WAMBU AfricaPress-Kenya: Uchumi Supermarkets has opened a portal for trade and services creditors to register their debts as part of the retailer\u2019s implementation of the Company Voluntary Agreement (CVA). Registration of debt incurred before March 2 through the online portal\u00a0http:\/\/www.myuchumi.com\/\u00a0will allow the retailer verify and audit debt. \u201cThe CVA which was approved by [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":15508,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[731,4929,5385],"class_list":["post-15513","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-high-court","tag-nakumatt","tag-uchumi"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Uchumi debts to be verified through a portal - kenya<\/title>\n<meta name=\"description\" content=\"Uchumi Supermarkets has opened a portal for trade and services creditors to register their debts as part of the retailer\u2019s implementation\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/economy\/uchumi-debts-to-be-verified-through-a-portal\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Uchumi debts to be verified through a portal\" \/>\n<meta property=\"og:description\" content=\"Uchumi Supermarkets has opened a portal for trade and services creditors to register their debts as part of the retailer\u2019s implementation\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/economy\/uchumi-debts-to-be-verified-through-a-portal\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-06T19:51:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2020\/10\/uchumi_opens_debt_se5f7c55606aa0f.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"613\" \/>\n\t<meta property=\"og:image:height\" content=\"328\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/uchumi-debts-to-be-verified-through-a-portal#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/uchumi-debts-to-be-verified-through-a-portal\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Uchumi debts to be verified through a portal\",\"datePublished\":\"2020-10-06T19:51:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/uchumi-debts-to-be-verified-through-a-portal\"},\"wordCount\":232,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/uchumi-debts-to-be-verified-through-a-portal#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2020\/10\/uchumi_opens_debt_se5f7c55606aa0f.jpg\",\"keywords\":[\"High Court\",\"Nakumatt\",\"Uchumi\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/economy\/uchumi-debts-to-be-verified-through-a-portal#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/uchumi-debts-to-be-verified-through-a-portal\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/economy\/uchumi-debts-to-be-verified-through-a-portal\",\"name\":\"Uchumi debts to be verified through a portal - kenya\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/uchumi-debts-to-be-verified-through-a-portal#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/uchumi-debts-to-be-verified-through-a-portal#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2020\/10\/uchumi_opens_debt_se5f7c55606aa0f.jpg\",\"datePublished\":\"2020-10-06T19:51:25+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Uchumi Supermarkets has opened a portal for trade and services creditors to register their debts as part of the retailer\u2019s implementation\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/uchumi-debts-to-be-verified-through-a-portal#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/economy\/uchumi-debts-to-be-verified-through-a-portal\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/uchumi-debts-to-be-verified-through-a-portal#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2020\/10\/uchumi_opens_debt_se5f7c55606aa0f.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2020\/10\/uchumi_opens_debt_se5f7c55606aa0f.jpg\",\"width\":613,\"height\":328},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/uchumi-debts-to-be-verified-through-a-portal#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/kenya\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Uchumi debts to be verified through a portal\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#website\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/\",\"name\":\"kenya\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/kenya\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Uchumi debts to be verified through a portal - kenya","description":"Uchumi Supermarkets has opened a portal for trade and services creditors to register their debts as part of the retailer\u2019s implementation","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/kenya\/economy\/uchumi-debts-to-be-verified-through-a-portal","og_locale":"en_US","og_type":"article","og_title":"Uchumi debts to be verified through a portal","og_description":"Uchumi Supermarkets has opened a portal for trade and services creditors to register their debts as part of the retailer\u2019s implementation","og_url":"https:\/\/www.africa-press.net\/kenya\/economy\/uchumi-debts-to-be-verified-through-a-portal","og_site_name":"kenya","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2020-10-06T19:51:25+00:00","og_image":[{"width":613,"height":328,"url":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2020\/10\/uchumi_opens_debt_se5f7c55606aa0f.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/kenya\/economy\/uchumi-debts-to-be-verified-through-a-portal#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/kenya\/economy\/uchumi-debts-to-be-verified-through-a-portal"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Uchumi debts to be verified through a portal","datePublished":"2020-10-06T19:51:25+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/kenya\/economy\/uchumi-debts-to-be-verified-through-a-portal"},"wordCount":232,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/kenya\/economy\/uchumi-debts-to-be-verified-through-a-portal#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2020\/10\/uchumi_opens_debt_se5f7c55606aa0f.jpg","keywords":["High Court","Nakumatt","Uchumi"],"articleSection":["all news","economy","homepage-english"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/kenya\/economy\/uchumi-debts-to-be-verified-through-a-portal#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/kenya\/economy\/uchumi-debts-to-be-verified-through-a-portal","url":"https:\/\/www.africa-press.net\/kenya\/economy\/uchumi-debts-to-be-verified-through-a-portal","name":"Uchumi debts to be verified through a portal - kenya","isPartOf":{"@id":"https:\/\/www.africa-press.net\/kenya\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/kenya\/economy\/uchumi-debts-to-be-verified-through-a-portal#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/kenya\/economy\/uchumi-debts-to-be-verified-through-a-portal#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2020\/10\/uchumi_opens_debt_se5f7c55606aa0f.jpg","datePublished":"2020-10-06T19:51:25+00:00","author":{"@id":"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Uchumi Supermarkets has opened a portal for trade and services creditors to register their debts as part of the retailer\u2019s implementation","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/kenya\/economy\/uchumi-debts-to-be-verified-through-a-portal#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/kenya\/economy\/uchumi-debts-to-be-verified-through-a-portal"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/kenya\/economy\/uchumi-debts-to-be-verified-through-a-portal#primaryimage","url":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2020\/10\/uchumi_opens_debt_se5f7c55606aa0f.jpg","contentUrl":"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2020\/10\/uchumi_opens_debt_se5f7c55606aa0f.jpg","width":613,"height":328},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/kenya\/economy\/uchumi-debts-to-be-verified-through-a-portal#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/kenya\/"},{"@type":"ListItem","position":2,"name":"Uchumi debts to be verified through a portal"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/kenya\/#website","url":"https:\/\/www.africa-press.net\/kenya\/","name":"kenya","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/kenya\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/posts\/15513","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/comments?post=15513"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/posts\/15513\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/media\/15508"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/media?parent=15513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/categories?post=15513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/kenya\/wp-json\/wp\/v2\/tags?post=15513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}