[Source: Business Daily, by Edwin Mutai]
Contractors and suppliers will be protected from delayed payments if MPs approve amendments to the law to require all county and national government procurements to be accompanied by a bank guarantee.
The proposed law will compel national and county governments to acquire bank guarantees, which will see the lenders pay contractors if governments default.
Business owners have accused national and regional government departments of delaying payments to suppliers worth billions of shillings, hitting their cash flow.
Some contractors and suppliers have been…
