Boost for traders as state unveils new cargo system - News Summed Up

Boost for traders as state unveils new cargo system


The Kenya Bureau of Standards has partnered with Kenya Trade Net System(Kentrade) in setting up a single window platform for cargo clearance. It allows traders to submit import–export documentation and access approvals in a one stop shop setting. The single window system replaces the time-consuming manual process that required traders to seek clearance from multiple government agencies via different platforms, occasioning delays and high clearance costs for goods at the Kenyan border points. The value of trade between Kenya and its key business partners dropped in 2020, latest government data shows, even as the country's exports recorded growth. Kenya National Bureau of Statistics 2020 data shows a 4.7 per cent drop in trade value in the year to December, closing at Sh2.283 trillion, down from Sh2.396 trillion in 2019.


Source: The Star May 07, 2021 13:41 UTC



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