Browsing: Shippers Council of Eastern Africa

EABC CEO John Bosco Kalisa. He has called for the geo-fencing of the Northern Corridor and Central Corridor to facilitate trade. www.theexchange.africa

The EAC Trade & Investment Report (2020) shows EAC exports globally stood at US$16.2 billion in 2020 while imports at US$35.6 billion, registering a negative trade balance of US$19.4 billion.

Agayo Ogambi from the Shippers Council of Eastern Africa said Mombasa port throughput declined by 0.9 per cent in 2020. A total of 34.13 million tonnes of cargo were handled in 2020, which is 1.8 million tonnes shy of the target of 35.90 million tonnes in 2019.

Containerized cargo declined by 4 per cent from 1.4 tonnes (2019) to 1.35 million tonnes (2020).

Ogambi called upon government agencies to render services that are commensurate to the fees charged, as outlined in Article 6 of the WTO Trade Facilitation Agreement.…

A new regulation to end cargo delays at Ports, improve cargo flow, improve revenue collection and lower the cost of doing business has just been unveiled.

The regulation, which is now a bill, was unveiled in collaboration with Kenya International Freight Forwarders Association (KIFWA) and the Federation of East African Freight Forwarders Associations (FEAFFA) in partnership with other relevant industry associations.

Speaking to the media during the unveiling of the bill, FEAFFA President, Seka Fred said that with the launch of the proposed bill, Kenya is among the first three countries in the region to have taken tremendous steps in drafting the bill drawing from the principles of our initial model bill 2017.

“A 2018 report by Global Financial Integrity found 8 per cent of Kenya’s revenue was being lost due to miss-invoicing of KSh90.7bn ($899.32 million) a year. Imports account for the largest part of this, at KSh76.7bn ($759.69 …