Jonathan Ciano - CEO Uchumi Supermarkets

Uchumi Supermarket's shares were suspended from trade at the NSE after it closed its stores in mid-2006 following a botched expansion plan which led to a Sh1.2 billion loss in 2005 and left the firm indebted to the tune of Sh2 billion. Government stepped in at that point, and rescued the supermarket chain with a Sh675 million loan which was to be repaid once the company secured a strategic equity partner but at an AGM on Friday shareholders, were set to approve a plan that will see the retail chain's creditors such as the Government and suppliers convert their debt into shares. To talk us through all that's unfolding here Jonathan Ciano - CEO Uchumi Supermarkets joins us now, from our studios in Nairobi.