Mombasa to get a free trade zone for motor vehicles

By professo

The city of Mombasa on Kenya’s coast is set to get a free trade zone (FTZ) on motor vehicles this year.

It is anticipated that the new policy will create thousands of jobs for local traders and service providers.

With Mombasa having a FTZ, the city will have a gateway in which goods in transit can be temporarily stored to avoid customs regulations and administrative procedures.

The FTZ will allow imported vehicles to initially be received and sorted in Mombasa prior to their journey to other markets.

The establishment will be introduced to Kenya almost four years after the Cabinet gave a nod to the plan.


Mombasa’s 1,000-acre re-export gateway is to initially handle 100,000 vehicles per year, reported Henry Rotich, Treasury Secretary.

It is expected that the state-owned FTZ facility will become one of the flagship projects that the government hopes will raise its 2018 export earnings.

The government is targeting earnings to double from 10% to 20% annually by 2022.

“We intend to strengthen trade facilitation programme,” Mr Rotich added in his Budget Policy Statement.

The plan for the FTZ is to aid the landlocked states in the Common Market for Eastern and Southern Africa (COMESA).


Featured Articles

Middle East GDP hike of 57% if more women join workforce

By tapping into the potential of next-generation female workers, the MENA region could unlock new economic opportunities, up to US$2 trillion, reports PwC

Dialight supplies LED solutions for industrial safety

Reliance on inefficient lighting technologies are not only harmful to the environment, but also increase injury risk and cost

Top 10: Tech, AI, cloud, cyber speakers at TECH LIVE LONDON

TECH LIVE LONDON events sees technology leaders from IBM, Oracle, Vodafone, JP Morgan, Accenture and the US Space Force among the inspirational speakers

Cyber LIVE adds Vodafone head of cyber Kawalec to line-up

Leadership & Strategy

Musk’s multibillion hostile Twitter takeover – the timeline

Leadership & Strategy

Sustainable moves businesses can make to win customers, IBM