[David Njaaga, Standard]There has been a consistent failure by supermarkets in Kenya to pay their suppliers on time. The disastrous story of many supermarkets not paying suppliers is reminiscent of the fall of Uchumi followed by Nakumatt supermarkets. Therefore, a solution to prevent supermarkets from unchecked expansion while failing to pay suppliers must be found immediately. Furthermore, all administration, establishment and distribution costs would have to be paid from the profit account, ensuring that suppliers are always getting their funds. The overall credit limit would be guided by both turnover and payment, hence ensuring that suppliers are paid at all time.

Source: Standard Digital August 10, 2020 21:01 UTC