Uchumi Supermarkets Limited, Currently Company Voluntary Arrangement, has issued a notice to all the shareholders for the holding of the 38th Annual General Meeting (AGM) that will be held on April 29, 2026.
According to the notice, the Company AGM will be held online at 10:00 a.m., and all attendees are expected to confirm their attendance to form a quorum.
“NOTICE is hereby given that the 38th Annual General Meeting of the Company will be held online on Wednesday, April 29, 2026, at 10:00 a.m,” part of the statement read.
During the AGM, stakeholders will discuss the receiving and adopting of the Financial statements for the financial year 2018-2025 with the the Chairperson’s, Directors’, and Auditors’ reports.
Additionally, the statement added that the the Directors did not recommend payment of a dividend for the 2018-2025 period.
Expectations for all stakeholders
- A member entitled to attend and vote at the meeting may appoint a proxy to attend and vote on their behalf. A proxy need not be a member of the Company. A form of proxy may be obtained from the Company’s website uchumisupermarkets.co.ke.
- To be valid, the member must duly complete a form of proxy and must be lodged at the offices of Uchumi Supermarkets Limited, Uchumi Hyper, Langata Road, P O Box 73167, Nairobi, or sent to [email protected] (mailto:[email protected]) not later than forty-eight hours before the time of holding the meeting.
- A copy of the entire Annual Report and Accounts may be viewed on and obtained from the Company’s website www.uchumisupermarkets.co.ke under Investor Reports.
- Registration of members and proxies attending the Annual General Meeting will commence at 8.00 a.m. Production of a current Central Depository Account Number for shares held in the Company, or other acceptable means of identification, will be required.
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Election of Directors
During the AGM, the stakeholders will elect Directors pursuant to the provisions of Article 102 of the Company’s Articles of Association who have been appointed in office by the Directors to fill casual vacancies.
Among the Directors to be elected are Mr. John Mwara, Mrs. Anne Makori, and Mrs. Rebecca Juma.
Retiring directors for the Company who do not wish for reelection pursuant to the provisions of Article 100 of the Company’s Articles of Association include George Karanja. Baiju Shah, John Karani
Additionally, the Company will appoint Messrs Mugo Waweru & Associates as Auditors by virtue of Section 721(2) of the Companies Act, 2015, and authorize the Directors to fix the Auditor’s remuneration for the ensuing financial year.
Uchumi Supermarkets Leadership Changes
Uchumi Supermarkets Limited’s Mohamed Ahmed Mohamed served as the CEO of the Company from December 2017 until early 2022, when he left the Company.
Previously, before his role as the CEO, Mohamed served as the Chief Finance Officer.
As of April 2026, according to the official Uchumi website, the current Managing Director of the Company is Lawrence Musyimi Ngao, who was appointed to the position in 2024.
In 2025, the CEO, Lawrence Ngao, faced criminal charges for allegedly stealing a chimney extractor fan valued at $1,046 from Hotspot Coffee Lounge in Nairobi. The accusation coincided with alleged unlawful evictions and rent claims at Uchumi’s Lang’ata Hyper branch.
The recent retirements of John Karani, who served as the chairman of the Company, George Karanja, and Baiju Shah have created a vacancy that will be filled by the Directors to be elected at the 38th AGM.
Other Directors of the Company include Erastus Njoroge, the ICDC representative, John Mwara, and Rebecca Chitwa Opati-Juma.
Also Read: How to Approve Director Appointment or Share Transfer in Kenya
Financial Reports
According to the Audited Financial Statements for the year ended June 30, 2024, available on the company website and approved by the board on May 302025, the Company has a sales revenue of KSh 65.4 million, up from KSh 36.1 million in 2023.
Gross profit of the Company for the year ended on June 30, 2024, is KSh 15.5 million, up from KSh 5.6 million.
Additionally, the report indicates that the operating loss at the company level is at KSh 49.7 million.
For the year ended June 30, 2025, the net profit was valued at KSh 8.8 million, a turnaround from a KSh 49.7 million loss in FY2024, with sales revenue being KSh 123 million and gross profit at KSh 27.7 million.
Additionally, the Company reported an increase in other income, mainly from leasing Lang’ata Hyper to China Square and similar arrangements, to KSh 62.7 million from KSh 13.5 million.
As of April 2, 2026, the company’s market capitalization is KSh 744.5 million.
