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Business slowdown
pops
#1 Posted : Thursday, November 27, 2014 7:52:59 PM
Rank: Member


Joined: 9/13/2006
Posts: 123
Hello all over the past 10 months I have felt my business slowing down. The year started well and then it's being slowing down every month. I know the economy is under strain and is slowing down and also money liquidity is tight. That's why people are not paying debts on time. I wanted to know am I only one affected or is it a general situation. And if so how long before we see some recovery. The politics and corruption visible in government is also not encouraging.
muganda
#2 Posted : Thursday, November 27, 2014 10:43:09 PM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905
It is becoming Kenyan-esque (like driving in mad traffic with matatus or like chasing tenders), this habit of companies of all sizes not paying on time, unless harangued over and over.
Ndaragwa
#3 Posted : Thursday, November 27, 2014 11:13:18 PM
Rank: Member


Joined: 3/12/2011
Posts: 108
pops wrote:
Hello all over the past 10 months I have felt my business slowing down. The year started well and then it's being slowing down every month. I know the economy is under strain and is slowing down and also money liquidity is tight. That's why people are not paying debts on time. I wanted to know am I only one affected or is it a general situation. And if so how long before we see some recovery. The politics and corruption visible in government is also not encouraging.


Pops, here is insight from tea industry: I just talked to business woman commenting the same that business is way down. Her customers, who are mainly tea farmers anticipated to pay their debts with tea 'bonus' money. It's a major anticlimax this year because financial returns from tea crop were 50% lower than last year - mainly due to mismanagement. It will even be a struggle for most farmers to afford school fees, farm inputs, and groceries come January 2015.
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