Firms, PSs face Sh1m fine for delayed suppliers pay
Summary
The Bill comes at a time counties, State ministries and agencies owe suppliers more than Sh435.35 billion, occasioning a cash crunch that has seen some small businesses collapse.
Friday April 30 2021
By JOHN MUTUA
Summary
The Bill comes at a time counties, State ministries and agencies owe suppliers more than Sh435.35 billion, occasioning a cash crunch that has seen some small businesses collapse.
Business owners and Principal Secretaries risk a Sh1 million fine or five years in jail for delaying payment to suppliers under a proposed law that seeks to tame the rise in overdue payments.