Tag: importers

Co-op Bank Takes Care Of Unexpected Costs Of Importation

One of the main challenges faced by importers is unplanned costs that arise from import duties. To help businesses in the import business deal with this headache, Co-operative Bank of Kenya introduced the Import Duty Financing Solution. The product seeks to solve the unexpected costs...

Extra port taxes no music to Congolese businessmen

Businessmen from Democratic Republic of Congo (DRC) in Mombasa have raised concern on multiple taxation of imported goods at the Port of Mombasa. The importers say they are faced with loss of business due to the many charges by OGEFREM their equivalent of the...

Dollar reserves decline due to importers’ demand

The huge demand for the greenback, which has put pressure on the shilling, has been attributed to the successful conclusion of October 26 repeat elections