Uchumi Supermarkets Limited has notified its shareholders of its upcoming 38th Annual General Meeting (AGM), scheduled to take place virtually on April 29, 2026, at 10:00 a.m. Participants are required to confirm their attendance in advance to ensure a quorum.
During the meeting, shareholders will review and approve financial statements covering the 2018–2025 period, along with reports from the Chairperson, Directors, and Auditors. The board has indicated that no dividends will be issued for this period.
Shareholders who cannot attend may appoint proxies to vote on their behalf, with completed proxy forms required at least 48 hours before the meeting. Relevant documents, including the full annual report, are available on the company’s website.
A key agenda item will be the election of directors to fill vacant positions. The nominees include John Mwara, Anne Makori, and Rebecca Juma. Meanwhile, outgoing directors George Karanja, Baiju Shah, and John Karani have opted not to seek re-election. The company also plans to appoint Mugo Waweru & Associates as auditors and authorize the board to determine their fees.
In terms of leadership, Mohamed Ahmed Mohamed served as CEO from December 2017 until early 2022. The current Managing Director, Lawrence Musyimi Ngao, took over in 2024. However, in 2025, Ngao faced legal issues involving alleged theft and disputes related to Uchumi’s Lang’ata Hyper branch.
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Recent board changes have created vacancies, prompting the need for new director appointments at the AGM. Other current board members include Erastus Njoroge and Rebecca Chitwa Opati-Juma.
Financially, Uchumi has shown mixed performance. Revenue increased to KSh 65.4 million in 2024 from KSh 36.1 million in 2023, with gross profit also rising. Despite this, the company recorded an operating loss of KSh 49.7 million in 2024. However, in 2025, Uchumi posted a net profit of KSh 8.8 million, marking a recovery from the previous year’s loss. Revenue rose to KSh 123 million, supported in part by increased income from leasing properties such as Lang’ata Hyper.
As of early April 2026, Uchumi Supermarkets has a market capitalization of approximately KSh 744.5 million.
