CUTTING FREIGHT COSTS

Ksh. 1.3 Bn fund to help cut fright costs

The regional transport and logistics business has received a boost following the launch of a fund aimed at reducing freight costs through the use of technology.
Dubbed Logistics Innovation for Trade (LIFT), the fund, amounting to Sh1.3 billion ($16 million), was launched in Dar es Salaam, Tanzania, and is expected to see the use of advanced business practices in the industry.

NTSA VISITS EAHCV DDI

NTSA Visits the EAHCV Driver Development Institute

The National Transport and Safety Authority (NTSA) has alluded to using the KTA driver training facility to carry out driver competence testing. While addressing the media during a familiarization tour of the facility, the NTSA Chairman, Hon. Lee Kinyanjui, accompanied by other members of the Authority's Board and management, commended the Association for thinking ahead of time to set up the institute saying it will go along way in enhancing road safety.

TRADE FACILITATION: THE ROAD TO JUBA

A team of key public and private sectors stake holders operating in Kenya - including Northern Corridor secretariat, KRA, KPA, Kenya Police Service, Ugandan Representative, DRC Representative, Representative of the South Sudan Chamber of Commerce, Industry and Agriculture, KIFWA and KTA has completed a weeklong survey of the Northern Corridor transit section between Eldoret and Juba. 

THE COMPETITIVENESS OF GOODS

Costs erode the competitiveness of goods

“These costs seriously erode the competitiveness of goods exported by East African countries, thus reducing trade, economic growth, job creation, and poverty reduction,” reads the TMEA statement. The fund is designed to change this by supporting and adding to existing activities of TMEA. This is expected to reduce transport time in the bloc by 15 per cent come 2016. This shall be done by increasing infrastructure investments and adopting modern methods of management.

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