i Studied at Harvard school eldoret. What I don't understand is why you have to troll every thread telling why we will suffer because of the rate cap. Always looking for a chance to tell us i told you.

mr kimenyi live and let live

This is a sign that there is something deeply wrong with our economy. When large businesses like nakumatt start to have cash flow issues it is clear their revenues are declining. Other wise they should be in a positive position always considering they are selling on cash basis but paying after 90 days. If you analyze how many smaller businesses rely on just nakumatt, tuskys, uchumi for sales consider the ripple effects of this. Our economy is clearly not what it seems. The rocketing levels of government debt are taking toll.

Isnt Nakumatt one of the banks favourites when it came to oevrnight lending manenos? So how can they be in debt of 5B?? haii???

This is a classic case of shooting one's foot;

1. The owners/directors ignored or deliberately decided to not have in place proper corporate governance principles so they can siphon funds out of the country
2. As a result, employees (especially long serving and trusted ones) found loopholes to steal and embezzle company funds with impunity. The culture is too entrenched and every employee is in on the act. Short of shutting business for 6 months and re-recruiting their is little they can do.
3. Further, they have compromised financial reporting for the longest time, cooking books to reduce taxes (this practice must be taught somewhere in Kenya business schools)
4. Now as they look for a strategic investor, the offers they are getting are probably only 50% of the company's true value but they can do little as they have been reporting suppressed numbers for years.