By Bernard Sanga | May 16, 2024
The Spetes Lady oil tanker with 105 cubic meters of oil from Saudi Arabia docks at Mombasa Port. [Omondi Onyango, Standard]
The cost of doing business through the port of Mombasa is set to reduce following the introduction of Viaservice Container Solution (VCS) to replace the punitive container deposits.
Traders said the VCS would free up capital tied in the deposits, ending financial constraints for importers using the Northern Corridor that links Mombasa and the East Africa region.
Shippers Council of Eastern Africa acting Chief Executive Agayo Ogambi said the deposits also disadvantaged small and medium-scale firms in the import and export trade.
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