Coronavirus: Tuskys allays fears of commodity shortages and price hikes
Tuskys Supermarket has allayed fears of an alleged shortage of products in its stores in the wake of panic shopping that was witnessed on Friday.
This was after the government confirmed the first case of Coronavirus in the country, where a 27-year-old Kenyan lady tested positive of the virus
In a statement, Tuskys said it had noticed shop floor traffic in its shops arising from COVID-19 related panic.
The retailer, however, dispelled fears that commodity prices are likely to hike soon over concerns that the retailer could run out of stock.
“We have engaged with our suppliers and received firm commitments that we shall continue receiving the necessary supplies at the standard prices,” the statement read.
“We wish to dispel fears that commodity prices may be increased soon or worse still, that we can run out of essential commodities.”
Competition Authority of Kenya (CAK) warned retailers and manufacturers against hiking prices or hoarding, saying the act contravenes section 21 (1) of Kenya’s constitution.
Those found culpable of either of the acts will attract a penalty of up to ten per cent of their respective turnover.
Kenyans have been asked to report hiking of prices by retailers to CAK.