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Page 7 - கேந்ய சங்கம் ஆஃப் உற்பத்தியாளர்கள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Higher freight, input costs dampen recovery of jobs in manufacturing sector

Higher freight, input costs dampen recovery of jobs in manufacturing sector Summary Firms polled by advisory firm KPMG and the Kenya Association of Manufacturers (KAM) primarily point to higher freight charges, cost of raw materials and the weaker shilling as the reasons for the higher costs. More of them (23 percent) have, therefore, laid off staff this year compared to last year (18 percent), highlighting the difficulties that remain in Kenya’s ongoing efforts to climb out of the Covid-19 economic hole. The joint survey is a follow-up on another one done last year when the pandemic first hit Kenya, which sought to find out the impact the pandemic had on business operations in the manufacturing sector.

Kenya, TZ manufacturers push for elimination of trade barriers

Kenya, TZ manufacturers push for elimination of trade barriers NEWS Trucks at the Namanga border. [Peterson Githaiga, Standard] Manufacturers from Kenya and Tanzania have called for the expedited resolution of non-tariff barriers (NTBs) and review of the East African Community Common External Tariff on the back of unsatisfactory trade levels in the last few years. Kenya’s exports to Tanzania declined from $342.9 million (Sh37 billion) in 2016 to $294.9 million (Sh32 billion) in 2020, while its exports to the rest of the world grew from $5.7 billion (Sh615 billion) in 2016 to $6.02 billion (Sh650 billion) in 2020. On the other hand, Tanzania’s exports to Kenya grew from $126.2 million (Sh13.6 billion) in 2016 to $258.2 million (Sh27.8 billion) in 2020.

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