Goods worth millions of shillings were burnt down at Gikomba open air market on Tuesday morning. The fire left the scene looking like the worst possible nightmare, a disbelief and a pond of stress to the traders.
They mayt not have lost their relatives and friends as no deaths were reported but economically, they have really been hammered down. Since the market is congested and full of small scale retailers, only a small percentage of the traders have insured their goods against fire.
This is a lesson that other traders should learn from and insure their goods against fire since it’s an alarming disaster.
Again I understand that it’s a challenge for the insurance companies to access their good's value since it is a hard market and traders keep on stocking goods daily. Traders should in turn comply with insurance companies and take safety of their properties in the market.
It is not wise to get a bank loan of 300,000ksh to start a business without giving security to it. The poverty game plays in such a phenomenon but all traders should dig deep in their pockets so as to be secured from such disasters.