Kenyans will not benefit from cut in ocean freight cost

By ALLAN ODHIAMBO Kenyan consumers and exporters might not benefit from an expected slump in the cost of global ocean freight, a new report by a UN agency shows, citing effects of piracy off the coast of Somalia.Kenyan imports currently attract an extra monthly cost of Sh2.15 billion ($23.9 million) that is passed down the supply chain owing to high risk posed by piracy around the Gulf of Aden, the UN Conference on Trade and Development (Unctad) said.Exports from Kenya also face an

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