Kenya firms worried over Suez Canal blockage - News Summed Up

Kenya firms worried over Suez Canal blockage


According to KAM, the container shortage has mainly been witnessed in key markets of China (leading import source for Kenya) and India which is the second key import source for the country. In 2017, a Japanese container vessel blocked the canal after it ran aground following reported mechanical issues. The Suez Canal is an artificial sea-level waterway in Egypt, connecting the Mediterranean Sea to the Red Sea through the Isthmus of Suez; and dividing Africa and Asia. India is the second import source for Kenya with the value of imports last year growing by 5.4 per cent to Sh188.6 billion. This is up from Sh178.9 billion the previous year, most probably driven by increase in pharmaceutical imports during the pandemic, where India remains a key source.


Source: The Star March 26, 2021 00:56 UTC



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