MP to table bill to regulate operations of supermarkets

Written By: Lola Nanjala

Kieni MP Kanini Kega says he will soon table a Bill in Parliament to regulate operations of supermarkets in the country in a bid to cushion suppliers and creditors against unexpected closures.

The MP said among the provisions of the new law would be a requirement for new entrants to deposit a prescribed amount of money as security with a depository institution that will act as a fallback position to unpaid suppliers and creditors.

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“We must have a threshold of capital for starters deposited as security to act as cushion to suppliers in case a supermarket goes down,” said the MP, who is also the Parliamentary Trade, Industry and Co-operatives Committee Chair.

Speaking when he visited area Governor, Mutahi Kahiga, in his office for a leaders meeting, Kega said the move would help weed out rouge business people in retail outlet market.

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He further said he would be fronting another Bill that will make it difficult for traders to import goods that can be locally produced.

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He said value addition of locally produced goods including agricultural products would help end exploitation of producers by intermediaries as well as increase their earning.

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His proposal comes in wake of downfall of retails outlets including the giant Nakumatt and Uchumi supermarkets that has left unpaid suppliers, creditors and workers in precarious financial state.

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