×
The Standard e-Paper
Join Thousands of Readers
The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
Suppliers want to charge the Government to pay interest for delayed payments after delivery of goods and services, broadly known as pending bills.
Kenya Private Sector Alliance chairman Dennis Awori presented a memorandum on late settlements after procurement by the Government to President Uhuru Kenyatta on Thursday. Levying interest on late payments would cushion suppliers against the high cost of funds, Kepsa said, especially where the capital utilised by the suppliers is money borrowed from commercial banks.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
join