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Supermarkets take on suppliers over debts
Treasury’s Geoffrey Mwau, Trade PS Chris Kiptoo, KCB chief executive Joshua Oigara and Association of Suppliers of Kenya chairman Kimani Rugendo. PHOTO | DIANA NGILA | NMG
Supermarkets and suppliers were yesterday involved in a heated debate over the proposal to regulate the retail sector even as the government insisted on implementing the plan.
While retailers made veiled attempts at resisting the new policy in totality, suppliers pushed hard for the inclusion of stringent measures including penalties for delayed payments and disclosure of capitalisation in the new framework launched on Monday.
