As a man who had built several successful companies, his entry into Uchumi Supermarket as a major shareholder was expected to infuse the kind of ingenuity required to turn around a sinking ship. On December 13, 2001, the Industrial and Commercial Development Corporation (ICDC) seconded Mr Kirubi to chair the Uchumi Board of Directors. The government had divested its stake in ICDC and Mr Kirubi was among the tycoons who bought into the investment firm. In the annual reports, Mr Kirubi blamed the near collapse of Uchumi on the expansion plan. Chris Kirubi, Francis Oyugi and Joseph munene in court in 2018 charged with conspiring to defraud Uchumi Supermarket.

Source: Daily Nation August 12, 2020 06:33 UTC