Museveni Lands New Deal At Mombasa Port
Kenya has announced the extension of the free storage period for transit cargo destined for the Democratic Republic of the Congo (DRC), South Sudan, and Uganda.
During a meeting with key stakeholders in Kampala on October 6, Kenya Ports Authority (KPA) Country Representative Betty Mkonyi announced that the extension has been extended from nine to fifteen days.
The extension of the free storage period will likely increase trade between Uganda and Kenya.
According to information provided by the Kenya Ports Authority in 2022, Uganda accounts for 80% of transit traffic at the Port of Mombasa.
Additionally, Rwanda, the Democratic Republic of the Congo, and South Sudan will benefit from the extension of the complimentary storage period.
Mkonyi also announced new rates for containers bound for EAC member states when the complimentary storage period expires.
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After 15 days, the port will levy $30 (Ksh4,400) per 20-foot container and $60 (Ksh8,800) per 40-foot container for containers stored there.
This amount will be revised after 21 days to $45 (Ksh6,600) for 20-foot containers and $90 (Ksh13,200) for 40-foot containers.
On September 14, in a further victory for President Yoweri Museveni, Kenya announced that it would remove fees for containers carrying Ugandan goods at Mombasa Port.
Nearly fifty percent of the costs incurred by most Ugandan merchants are port and transportation-related, explained Kenya.
The container has a Ksh11 million refundable deposit; if the container is not returned on time, the entire deposit is forfeited.
Former President Uhuru Kenyatta offered Uganda vast tracts of land in Naivasha in March 2019 to ensure that Uganda imports products through Kenya, according to analysts.
Museveni Lands New Deal At Mombasa Port
