Business Daily | by Constant Munda
Manufacturers and suppliers plan to start blacklisting supermarkets which default on payment for deliveries in a bid to prevent a repeat of losses recently witnessed after collapse of three giant retailers.
Nakumatt, Uchumi and Tuskys have gone down with nearly Sh30 billion owed to suppliers in under five years, pushing some of small traders on the verge of collapse.
The Kenya Association of Manufacturers (KAM) says the credit information sharing mechanism between factories and suppliers, signed a fortnight ago, aims to…
