New policy to ensure suppliers get paid dues within 45 days

Kenyan government alarmed that delayed payments have escalated and now threaten the survival of many suppliers and manufacturers. PHOTO FILE | AFP

Retailers could be forced to pay interest on delayed payments to suppliers, if the lobby by Kenyan producers for the Kenya government to adopt a UK code that ensures supermarkets pay for goods and services within 45 days, bears fruit.

The region will in time adopt the practice, since Kenyan retailers have branches in other East Africa Community states.