TUESDAY JANUARY 23 2018
Mombasa is set to get a free trade zone (FTZ) for motor vehicles this year in a policy move that could create thousands of new jobs for traders and service providers.
An FTZ, such as the world renowned Dubai, is a re-export gateway where goods in transit are temporarily stored to avoid strict customs regulations and lengthy administrative procedures that home-bound imports face.
The establishment of such a facility in Kenya - almost four years after the Cabinet gave its nod to the plan - means vehicle imports destined to other markets in the region will first be received and sorted in Mombasa.