Cabinet Secretary Lee Kinyanjui announced the creation of a committee to implement the new Ksh2 million benchmark for general consolidated cargo. The initiative follows President William Ruto’s directive to improve efficiency in import clearance. The committee will work with the Kenya Revenue Authority to ensure compliance and reduce delays.
The new benchmark aims to standardize cargo valuation, making it easier for businesses to meet import requirements. Officials say the measure will help reduce bureaucratic hurdles and boost trade. The committee includes representatives from various stakeholders, including industry groups and regulatory bodies.
Kinyanjui emphasized the importance of timely cargo processing for economic growth. The policy is part of broader efforts to enhance Kenya’s trade competitiveness. Implementation details are expected to be finalized in the coming months.
The move reflects Ruto’s focus on economic reforms and improving logistics infrastructure. Industry leaders have welcomed the initiative, though some caution that full impact will take time to materialize.
