IMF austerity Kenya

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The IMF taxes on Africa’s petty traders of Nyamakima

I was a cab reporter on the City beat when Tuskys was evicted from its 11-year-old iconic BebaBeba outlet in the middle of Nairobi, that up till then had looked as the most ideal location for a retailer, on the bus route to Nairobi middle class surburbs north of the city. Tuskys at the time had not yet began hurtling towards the retail sector collapse. It was a big stable brand. In 2017, the retail sector troubles were being diagnosed as the legacy mismanagement of state linked Uchumi, where patronage had compromised supply contracting diverting money from real suppliers to related parties and insider shell companies. Tuskys explained that…

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