This has reduced the flow of customers leading to low revenues,” Jackline Ngure, who operates a liquor store in Roysambu told the Star. He said at least 20,000 more businesses mainly restaurants also face closure amid low revenues, where 67 per cent of their sales are from alcohol which is now prohibited. “Combined with the value chain, the effect was devastating to the economy,” ABAK chairman Gordon Mutugi told the Star. Meanwhile, the closure of bars and reduced operations by restaurants, coupled with shorter operating hours for businesses under the revised curfew hours, has dealt a blow to Kenya Revenue Authority (KRA)’s revenue collection ambitions. The taxman has faced an uphill task in meeting his revenue target as the pandemic continues to ravage the economy with massive job losses and low revenues from businesses wiping out potential revenues for KRA.

Source: The Star March 31, 2021 00:56 UTC