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Companies Struggle With Late Payments as Kenya Faces Cash Crisis

  • East African nation hit by loan defaults, economic slowdown
  • IMF head says Kenya needs to be ‘cautious’ over rising debt
Kenyan Retail Economy Inside a Nakumatt Holdings Ltd. Store
Photographer: Riccardo Gangale/Bloomberg
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Daniel Mwangi’s construction company in Nairobi is battling to stay afloat and has fired about 1,000 workers in the past year as Kenya’s government struggles to pay contractors.