Nairobi, Nov. 27 -- Uchumi Supermarkets share price has nearly tripled in 13 days of trading on the Nairobi bourse on increased speculators' interest after news that the struggling retailer had posted a rare profit of Sh8.8 million for the year ended June 2025.

The debt-ridden firm is currently prioritising the settlement of claims from creditors but its return to profitability has been interpreted by some as a signal of a turnaround.

On Thursday, the share jumped above Sh1 at the Nairobi Securities Exchange (NSE) for the first time in seven years, marking a near tripling from Sh0.38 on November 11 when news filtered to the market that the retailer had posted first profit in years. The last time the share was above a shilling was Septem...