Business Daily | by Gerald Andae
A shortage of empty shipping containers in China, Kenya’s major source market for goods, has pushed up the cost of imports by 66 percent, hitting businesses and threatening to dent customers’ pockets.
The cost of shipping a 40 foot container from China has gone up to Sh550,000 from Sh330,000 in December, according to a traders lobby.
Covid-19 pandemic, which is still rampant in Europe and America, has contributed to the shortage as shipping containers are not returning to China due to drastic reduction of China’s imports…
