RE: UCHUMI -
08-08-2006, 08:24 AM
Keep power games out of business! I'm always wondering why the Government all this time along never sounded the alarm over the happenings at Uchumi yet it knew everything that was going on. The Government moved with speed to rescue the besieged supermarket chain abd this lends credence to the specualtion that it all along knew the fate of Uchumi before it closed it's doors on June 1st, 2006. We have heard the story of Nakumatt evading duty and also employing "savage and unethical business tactics" to undermine it's competitor ( read rival), to gain an undue advantage and the preferential treatment it was being given, taking into consideration that it's major shareholders were politically correct individuals. This was a sad day for Kenya, not only to the employees and shareholders of the giant supermarket chain. The role of any Government is to create and sustain an enabling environment for business and entrepreneurship to thrive and thus it should be at the forefront to level the playing ground to enable businesses compete effectively in this era of liberalisation.
|