Kemsa in cash crisis as stock unsold


Business Daily | by Edwin Mutai

The Kenya Medical Supplies Agency (Kemsa) has run out of cash after Sh6.34 billion was tied up in stock that it can’t sell in the wake of Covid-19 procurement scandal.

The agency says removal of the rule that compels counties to buy medicine and medical equipment from Kemsa has left with unsold stock worth billions, especially Covid-19 related kits like masks.

This means that Kemsa lacks cash for emergency importation of medical supplies amid fears of a second wave of Covid-19 infection…

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