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Firms risk Sh10m fine for delayed pay to suppliers

Summary

  • Delayed payments to suppliers and contractors “without justifiable reason in breach of agreed terms of payment” will as a result constitute “abuse of buyer power”, an offence whose punishment will be similar to abuse of dominance.
  • A number of organisations, including Kepsa, the World Bank Group and Kenya Association of Manufacturers (KAM), had earlier in the year blamed accumulating State bills for strangling cash supply, hurting corporate profitability and jobs.

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