Java house financial problems

[KenyanPlato]

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https://en.m.wikipedia.org/wiki/Nairobi_Java_House

Seems this chain is having serious cash flow issues

https://nairobinews.nation.co.ke/news/java-house-asks-staff-to-resign-as-it-commences-massive-layoffs

Food business is tough

[RV Pundit]

I don't see how hotel and accommodation business will survive. Business operate on thin margins, don't have cash reserves to sustain 1yr of no or low business, rent need to be paid, etc.

Employees retrenchment should be priority - rental fees - the next.

The economic carnage is going be as bad as the health carnage.

Global economy is a house of dominos. You take one card down - and you have a global crisis.

Now we are not even talking economics - people are focused on health.

[KenyanPlato]

Yeah all the chain supply is dead. We have commercial buildimg and 40 percent is empty. Tenants left after losing business

[RV Pundit]

The chain reaction makes this a real killer - because diversification will not help - everyone will catch corona - one way or another - it's coming in drips. The financial sector has been allowed basically to cook books - and keep a lot of bad loans - otherwise most of them are already bankrupt.

Yeah all the chain supply is dead. We have commercial buildimg and 40 percent is empty. Tenants left after losing business

[KenyanPlato]

Yeah even with vaccine the weak will continue to die. This bad for kenya. Tourism is now dead. Add elections in 2 years and youhave a disaster