May 11, 2011
General
netfied
The perennial high costs of doing business experienced at the Mombasa Port may now be the thing of the past. This follows the Kenya Maritime Authority’s initiative to forward a list of regulations to the Attorney General for gazettement to curb high costs of doing at Mombasa port. Ultimately, the move is likely to boost business at the port.
The perennial high costs of doing business experienced at the Mombasa Port may now be the thing of the past.

This follows the Kenya Maritime Authority’s initiative to forward a list of regulations to the Attorney General for gazettement to curb high costs of doing at Mombasa port.

According to its Director General Ms Nancy Karigithu, the regulations would help in ensuring there is no delay in the release of cargo from the port after the ship had docked.

"Trade facilitation is only meaningful if the cost of doing business is checked," Ms Karigithu said.

She said since the authority was created to oversee the facilitation of the business at the port, it was important that parties in the shipping industry followed regulations to make operations conducive to investors.

Karigithu said all agencies operating at the port be it Kenya Ports Authority, Kenya Revenue Authority and those in clearing must account for any delay if the cost of business has to be down.

Released cargo

She said that in the proposed regulation there will be a penalty for any stakeholder responsible for delay in the released of cargo.

"The regulation has been finalised and we are awaiting the gazettement from the Attorney General’s office."

Mombasa Mayor Ahmed Mudhar asked KMA to ensure trade facilitation was done properly, to reduce cost of importation, which was always passed over to the consumers.

He said indeed savings, which accrue from various interventions put in place directly, benefits the shippers, in terms of stable ocean freight rates and other terms of trade.

Ultimately, the move is likely to boost business at the port.


By WILLIS OKETCH
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