AdvertisementsTHE Central Mechanical and Equipment Department (CMED) says it plans to introduce interest rates for clients who delay payments starting next year. This comes as the state enterprise has faced financial difficulties due to delayed payments from government ministries and departments.Advertisements “To mitigate against that, we will be asking for shareholder consent to reciprocate what…
CMED plans to penalise clients for late payments
The legal challenge followed a wider debate over the legitimacy and economic impact of SI 87 of 2025, particularly after an earlier Treasury communication dated March 3, 2026, raised concerns that the statutory instrument was ultra vires the Constitution and should be repealed.