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Small businesses bear brunt of liquidity crunch

Fewer orders, late payments, and defaults are the key issues small businesses in Nairobi are grappling amid a biting liquidity crunch.

Small and Medium Enterprises (SMEs) ranging from merchandise supply to service providers are struggling to stay afloat, with the latest financial sector stability report showing that half of Kenyans who take goods from shopkeepers on credit either delay in making payment or default altogether.

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