Kenyan Wall Street | by Miriam Wangui
The Kenya Revenue Authority has announced that it will auction all consignments that overstayed at the Nairobi Container Depot on 18th November. Businesses and individuals whose goods have exceeded the free storage period have limited time to collect their shipments.
At the moment importers have 14 days of free storage at the ICD and exporters have 20 days of free storage. After the free storage period has elapsed, the consignments attract storage charges of between 30$ and 90$ per day depending on the size of the cargo…
